Holiday Bonus: OBBBA Expands Bonus Depreciation Rules

In their latest article for the New York Law Journal, Ezra Dyckman and Charles S. Nelson write:

“The so-called One Big Beautiful Bill Act (“OBBBA”), which was enacted on July 4, 2025, as P.L. 119-21, introduced several significant changes to the tax law. Among these was the expansion of rules governing the upfront expensing of certain depreciable property. While the changes are largely favorable to taxpayers, there are several potential traps for the unwary.”

Read the article here.