Qualified Production Property Interim Guidance Released
The IRS has released IRS Notice 2026-16, providing interim guidance on the new Qualified Production Property (QPP) asset class enacted under the One Big Beautiful Bill Act. This guidance clarifies eligibility, elections, and recapture mechanics for the new 100% special depreciation allowance available to qualifying production facilities.
Interim Guidance on 100% Bonus Depreciation Creates Opportunities
The IRS released Notice 2026-11, which explains how taxpayers can use the permanent 100% bonus depreciation deduction starting on January 19th, 2025.
