Here is a better article: https://engineeredtaxservices.com/the-unique-benefits-... | Hacker News

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sroussey on March 17, 2024 | parent | context | favorite | on: Why are there suddenly so many car washes?

Here is a better article:

https://engineeredtaxservices.com/the-unique-benefits-of-cos...

> The Tax Cuts and Jobs Act (TCJA) of 2017 made a significant change in this area, currently allowing businesses to write off 80% of the cost of qualifying property in the year it's placed in service

Why depreciate over 39 years when you can do 80% in one year.

gunapologist99 on March 18, 2024 [–]

Same article, right?

And there's nothing in there to do with car washes specifically, though? Just general MACRS etc?

sroussey on March 18, 2024 | [–]

Not the same article.

The tax act of 2017 has special provisions where almost nothing but car washes qualify.

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