Navigate Up
Sign In
Last Updated: 7/16/2018

Frequently Asked Questions

Contact Us

Individual Income Tax

8:00 a.m.- 4:30 p.m. Mon.- Fri.


Related Information

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 ​