How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

msheflitaxes · ‎June 3, 2019

HelenaC · ‎June 3, 2019

No, this does not apply to you. Adjustment for Bonus Depreciation refers to businesses or rentals that are depreciating their assets.

Related information: What is bonus depreciation - TurboTax Support

ashleylanglinais · ‎June 3, 2019

Any clue why employer would put 'depreciation' as the memo on an employees bonus check?

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