Our Latest Industry Insights

Bonus Depreciation for Commercial Real Estate Improvements

With the passage of the CARES Act, interior improvements to non-residential property are now eligible for bonus depreciation. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed on March 27, 2020, included an important revision to depreciation rules enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA) that will correct a prior error that many have referred to as the “retail glitch.”