Thread: New HVAC
View Single Post
storybookending 07:21 PM 01-04-2018
Originally Posted by TomCopeland:
The rules changed in 2018. Take the total cost of the HVAC and multiply by your time-space %. Then deduct this amount on your 2018 taxes. In 2018 there is a 100% bonus depreciation rule that says everything you buy (except for a home and addition to your home) can be deducted in one year, and doesn't have to be depreciated. This is a big deal!
So if I’m looking at replacing all of my windows I would be better off doing it in 2018 rather than waiting a few years?
Reply