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Last Updated: 10/26/2017

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Individual Income Tax > Tax Information > Additions: Bonus depreciation

  • What assets qualify for federal bonus depreciation? Back to top

    The following types of assets qualify:

    • Assets that have depreciable lives of 20 or fewer years and are subject to the general rules of the federal Modified Accelerated Cost Recovery System (MACRS) – including automobiles, office equipment, computers, certain manufacturing equipment, and certain structures
    • Water utility property
    • Certain computer software
    • Qualified leasehold improvement property ​