Effective for 2025, Bonus Depreciation (on assets detailed in IRC 168) will revert to 100% (up from 40%) of original cost for assets acquired after January 19, 2025. This provision offers a significant opportunity for business entities to lower taxable income for acquisitions of certain property and equipment. Additionally, the other asset acquisitions subject to IRC 179 may expense for qualifying expenses is increased to $2.5 million, with the phaseout threshold raised to $4 million, both indexed for inflation after 2025. Optimizing deductions for bonus depreciation under IRC 168 and first-year depreciation under IRC 179 requires analysis based on types of assets and other entity taxable income limitations.