Surgent's Depreciation Rules for Bonus and Section 179 Expensing

September 14th, 2026 - September 14th, 2026 @ 8:00AM-10:00AM

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Credits

Description

Thanks to the One Big Beautiful Bill Act (OBBBA) passed in 2025, 100% bonus depreciation is now permanently available for new and used assets. OBBBA has restored 100% bonus depreciation and increased the depreciation that can be taken under Section 179. OBBBA also provided a new, important depreciation topic — qualified production property. These topics, covered extensively in the program, are vital for tax practitioners advising business taxpayers.

Objectives

Understand the new depreciation rules associated with OBBBA

Major Subjects

OBBBA permanently restores 100% bonus depreciation
Notice 2026-11 confirms existing bonus framework and availability of component elections
Qualified improvement property (QIP) is boosted by OBBBA
Qualified production property (QPP): established by OBBBA, clarified by Notice 2026-16
- Definitions
- Timing
- Inclusions/exclusions
- Third-party lease scenarios
- Election mechanics
- Recapture
New enlarged Section 179 ceiling limitations
OBBBA energy incentives sunset guide
179D deduction still in play
Tangible property regulations and their role in a strategic hierarchy of depreciation

Prerequisites

A basic understanding of the tax rules relating to individual income tax