COR2322. Sec. 179D & Sec. 45L Overview & 2023 Tax Year Depreciation Updates

We will be discussing the Sec. 179D and Sec. 45L background and the recent changes created by the Inflation Reduction Act of 2022. We will also update all on recent IRS guidance issued. We will conclude the session with an overview of the implications of reduced bonus depreciation and provide proactive strategies to optimize tax savings.

Learning Objectives:

• Identify how clients can benefit from Sec. 179D and Sec. 45L.
• Distinguish how the ripple effects of reduced bonus depreciation and the opportunities to offset the decrease in deductions.