Depreciation Update from 2025 Legislation
Author: Jane Ryder
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC |
This course will detail expanded options for depreciation available from the 2025 OBBB Act. Specifically, enhancements for §179 and Bonus depreciation. Plus, new 100% depreciation for a new category of property, Qualified Production Property, commercial real estate used for manufacturing and production of personal property including most wholesale food products. Also, depreciation changes for solar equipment installed on rental property, how home solar installed on a home with a bona fide home office may be depreciated.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN cardPublication Date: July 2025
Topics Covered
- Depreciation
- Qualified Production Property
- Section 168(k) Bonus Depreciation
- Section 179
- Rental Property
- Commercial Property
- Energy property
Learning Objectives
- State how to advise taxpayers on expanded §179
- Explain how to revise tax planning for returning 100% Bonus Depreciation
- Describe depreciation for the new category of production and manufacturing property, Qualified Production Property
- Determine optimal depreciation available for energy property
- Explain how to depreciate home solar equipment for a bona fide home office
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Basic knowledge of federal tax law
Advance Preparation
None
