This news isn't about cryptocurrencies like Bitcoin or Ethereum! It's about something called bonus depreciation, which helps businesses save money on taxes. Imagine you own a lemonade stand and buy a new super-fast juicer. Bonus depreciation lets you deduct a big chunk of the juicer's cost from your taxes right away, instead of waiting years.
- Bonus depreciation helps businesses save money on taxes.
- It lets them deduct the cost of new things like equipment quickly.
- This helps them have more money for other things.
| Year | Bonus Depreciation Percentage |
|---|---|
| 2023 | 80% |
| 2024 | 60% |
| 2025 | 40% |
| 2026 | 20% |
| 2027 | 0% |
