Depreciation Basics Under the One Big Beautiful Bill
If you’ve bought a tractor, fencing, or breeding stock lately, depreciation rules just changed in ways worth understanding.
Shareholder, CPA, PFS, and CVA Zach Van Sambeek breaks down what depreciation actually is, how bonus depreciation and Section 179 deduction differ, and what changed under the One Big Beautiful Bill Act.
What Zach covers
- How depreciation works and why you spread a deduction over an asset’s useful life instead of taking it all at once
- What bonus depreciation is and how it lets you take a bigger deduction in the year you buy
- How Section 179 differs, and why the control it gives you over the deduction amount can matter more than the size of it
- What the OBBB changed, including 100% first-year bonus depreciation made permanent for qualified property acquired after Jan. 19, 2025
- The new Section 179 expensing limit of $2.5 million, with a $4 million phaseout threshold
- Why taking the full deduction right away isn’t always the right call
Who this is for
Anyone buying assets for a business, but especially ranch operations, where equipment, improvements, and livestock all follow different rules and timing can make a real difference.
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