Qualified Improvement Property Eligible for Bonus Depreciation

Posted June 9th, 2020 & filed under Blog.

The CARES Act provided a technical correction for Qualified Improvement Property (QIP) that enables taxpayers to claim 100% bonus depreciation on eligible improvements. This change was made retroactive to property placed in service on or after January 1,

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Changes to the Qualified Improvement Property (QIP) Classification under the Tax Cut and Jobs Act

Posted May 21st, 2018 & filed under Blog.

Those who were using the Qualified Improvement Property (QIP) classification for bonus depreciation should take note of changes brought by the Tax Cut and Jobs Act (TCJA).

Where We Were…

Qualified Improvement Property (QIP) isn’t entirely new.

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