Good news!
Last December, lawmakers voted to give retailers some much-deserved tax relief.
The law they passed allows you to immediately (and/or very quickly) deduct up to the entire cost of certain improvements you make to your property.
This can amount to hundreds of thousands of dollars as you’ll learn when you read my new article titled Tax Tips: Two Special Tax Breaks for Retailers Who Improve Their Property.
Three ways our fact-filled article can help you:
- We’ll explain how you can get two big tax breaks. If the improvements you make qualify, you get immediate Section 179 expensing and fifteen-year depreciation on the remainder. We’ll give you all the details when you read the full article.
- You’ll learn if your retail business qualifies for the tax breaks. There are four tax code rules that govern eligibility. We’ll list them for you (as well as eleven improvements that qualify!) when you read the full article.
- We’ll tell you about a possible third tax break. If your retail improvements meet the requirements for qualified leasehold improvements, you can use bonus depreciation as well! We’ll show you how to hit a triple when you read the full article.