05/29/2026
Have you made improvements to business real estate? You may be eligible for tax breaks for qualified improvement property (QIP). QIP includes any improvement to an interior portion of a nonresidential building that’s placed in service after the date the building was placed in service.
QIP can be depreciated over 15 years (rather than 39). It’s also eligible for bonus depreciation and Sec. 179 expensing, which have been enhanced for 2025 and beyond. While maximizing first-year depreciation can be beneficial, sometimes spreading out depreciation deductions over multiple years can be better, such as if you’re in a higher tax bracket in the future. Contact us for more information about QIP.
