Act Now to Take Advantage of the PATH Act’s Generous Bonus Depreciation Allowance
Business taxpayers had many reasons to celebrate the enactment of the Protecting Americans from Tax Hikes (PATH) Act in December 2015. In addition to making the Research and Development (R&D) Credit permanent, extending the Work Opportunity Tax Credit (WOTC) through 2019, and renewing the §179D deduction through 2016, the Act made permanent a maximum §179 [...]