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The tax cuts and jobs act is set to end—Here’s what it means for property managers in 2025

Buildium

Prior to the TCJA, bonus depreciation was capped at 50% and applied only to new property. That said, bonus depreciation has already started to phase out, with the allowance decreasing by 20% per year starting in 2023 and set to fall to 0% by January 1, 2027 (unless extended). After 2026, bonus appreciation may no longer be available.