The One Big Beautiful Bill Act introduced a 100% deduction for the cost of qualified production property (QPP) whose construction begins after Jan. 19, 2025, and before Jan. 1, 2029, and that’s placed in service before 2031. This break is generally available for nonresidential real property used in manufacturing in the United States. Before the new law, businesses were generally required to depreciate these buildings over 39 years. Now, if you complete construction on an eligible property this year, you’ll be able to claim 100% first-year depreciation on your 2026 return. Contact us to learn more about this tax break.
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