Source: International Business Times
IRS clarifies how businesses can claim a 100% factory cost deduction under new rules. Key eligibility, timelines, and risks explained The Internal Revenue Service (IRS), together with the US Department of the Treasury, has released new guidance explaining how businesses can claim a 100 percent depreciation deduction for certain production facilities. The clarification comes through Notice 2026-16, issued under a new tax law known as the One Big Beautiful Bill (OBBB).
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