This deduction was just extended thru the 2026 tax year ... https://www.irs.gov/pub/irs-drop/td-9916.pdf
Section 13201 of the TCJA made several significant amendments to the
additional first year depreciation deduction provisions in section 168(k) (additional first
year depreciation deduction).
First, the additional first year depreciation deduction
percentage was increased from 50 to 100 percent.
Second, the property eligible for the
additional first year depreciation deduction was expanded, for the first time, to include
certain used depreciable property and certain film, television, or live theatrical
productions.
Third, the placed-in-service date was extended from before January 1,
2020, to before January 1, 2027 (and from before January 1, 2021, to before January 1,
2028, for longer production period property or certain aircraft property described in
section 168(k)(2)(B) or (C)).
Fourth, the date on which a specified plant may be planted
or grafted by the taxpayer was extended from before January 1, 2020, to before
January 1, 2027. T
