title>Tax Guru-Ker$tetter Letter Wizard Animation


Tax Guru-Ker$tetter Letter
Saturday, November 13, 2004
Bonus Depreciation Expires This Year

Oops.  With all of the recent changes in the rules and amounts for depreciation and Section 179 deductions, it slipped by me when Kleinrock gave its analysis of the potential deductions for new business SUVs in 2005 that the special 50% bonus depreciation deduction was one thing that our rulers in DC didn't extend; so it will not be available in 2005. Kleinrock issued a correction in its most recent Federal Tax Bulletin. 



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