On Jan. 14, the IRS released guidance on changes to the additional first-year depreciation deduction. Also known as bonus depreciation, this break was increased to 100% and made permanent by the One Big Beautiful Bill Act (OBBBA), signed into law in July 2025. Notice 2026-11 explains how to determine whether depreciable property qualifies and how to calculate the allowable deduction for assets acquired after Jan. 19, 2025, including certain plants planted or grafted after that date. The notice also provides guidance on certain qualified sound recording productions that the OBBBA added as property that may be eligible for bonus depreciation. Have questions? We’re here to help.
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