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.

[HelenaC · Accepted solution]

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]

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