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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

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). Prior to the TCJA, bonus depreciation was capped at 50% and applied only to new property. After 2026, bonus appreciation may no longer be available.