Congressional Spending Bill Fails to Preserve Low-Income Tax Credits

By Emily Gallagher

Earlier this month I wrote a deep-dive into the gradual fade-out of the bonus depreciation deduction. Starting January 1st of 2023, real estate professionals can only write off 80 percent’s worth of depreciation for a qualifying property. In 2024, that deduction only extends to 60 percent. The deduction’s value will continue to go down 20 […]

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