Maximize Growth: The Qualified Production Property Deduction Guide

tysllpTax Accounting

Qualified Production Property Deduction

What is the Qualified Production Property Deduction and how does it benefit business owners? The Qualified Production Property Deduction, established by the One Big Beautiful Bill Act (OBBBA), provides a 100% first-year deduction for the cost of constructing new nonresidential buildings used for manufacturing or production. Specifically, this incentive allows owners to immediately write off the entire cost of the … Read More