{"iri":"https://lexicon.financial/legal/tax/irs/Pub334/BonusDepreciation","label":"Bonus depreciation","definition":"An additional first-year depreciation deduction for certain qualified property. Following the One Big Beautiful Bill Act of 2025, qualified property acquired after January 19, 2025 receives a 100% additional first-year depreciation deduction; taxpayers may instead elect 40% (60% for property with a long production period or certain aircraft).","license":"https://www.usa.gov/government-copyright","source":"irs","source_url":"https://www.irs.gov/publications/p334"}