Courses

Surgent's Depreciation Rules for Bonus and Section 179 Expensing

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Member Price: $129.00 Non-Member Price: $129.00

Date/Time:: Jan 20, 2027, 1:00pm–3:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Taxes: 2.00
Fields of Study:: Taxes
Level:: Basic

Thanks to the One Big Beautiful Bill Act (OBBBA) passed in 2025, 100% bonus depreciation is now permanently available for new and used assets. OBBBA has restored 100% bonus depreciation and increased the depreciation that can be taken under Section 179. OBBBA also provided a new, important depreciation topic — qualified production property. These topics, covered extensively in the program, are vital for tax practitioners advising business taxpayers.

Objective

Understand the new depreciation rules associated with OBBBA

Highlights

OBBBA permanently restores 100% bonus depreciation
Notice 2026-11 confirms existing bonus framework and availability of component elections
Qualified improvement property (QIP) is boosted by OBBBA
Qualified production property (QPP): established by OBBBA, clarified by Notice 2026-16
- Definitions
- Timing
- Inclusions/exclusions
- Third-party lease scenarios
- Election mechanics
- Recapture
New enlarged Section 179 ceiling limitations
OBBBA energy incentives sunset guide
179D deduction still in play
Tangible property regulations and their role in a strategic hierarchy of depreciation

Designed For

Accounting and finance professionals who anticipate advising clients with respect to depreciation of business property

Prerequisite

A basic understanding of the tax rules relating to individual income tax

Advanced Preparation

None