BNA Fixed Assets: 2010 Tax Relief Act Updates
BNA Fixed Assets™ software products have been updated to incorporate the following changes included in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010:
- Extension of Additional First-Year Depreciation (also called bonus depreciation) through 2012 (through 2013 for certain long-production-period property and transportation property).
- Increase Additional First-Year Depreciation to 100% for qualifying property placed in service after September 8, 2010, through 2011 (through 2012 for certain aircraft and long-production-period property).
- Updated luxury vehicle limitations to include Additional First-Year Depreciation on Automobiles and Luxury Trucks and Vans placed in service in 2011.
- Updated Section 179 amounts affecting both the maximum dollar limit and the investment threshold phaseout amounts for property placed in service in tax years beginning in 2012.
Related Information
Free Resource Guide
Best Practices in Fixed Assets Management: A Resource Guide for Claiming Bonus Depreciation
Get answers to your questions such as what property qualifies for either the 50% or the 100% bonus depreciation deduction. The updated Guide includes additional important provisions created by The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853).
Download the FREE Resource Guide for Claiming Bonus Depreciation »
Free On Demand Webinar
2010 Tax Relief Act: Understanding and Planning for Bonus Depreciation and Other Fixed Assets Provisions
This webinar provides details about these provisions including the increase of the bonus depreciation deduction to 100%, changes to Section 179 expensing, and more, and demonstrates how an automated solution like BNA Fixed Assets software makes it easy to develop scenarios to help you make the right choices to take advantage of the Tax Relief Act provisions to minimize your tax liability.
View the On Demand Webinar »
Tax Legislation Update
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010: Impact on Fixed Assets Management
Download this comprehensive look at the provisions impacting fixed assets and related depreciation.
Download Now »
See More Bonus Deprecation Resources »
