The Tax Cuts and Jobs Act was signed into law on Dec. 22, 2017, and it provides many incentives for small business owners, including three depreciation benefits you should be aware of. 1. Bonus Depreciation Congress has increased bonus depreciation from 50% to 100% for property placed in service after Sept. 27, 2017. Generally, bonus depreciation applies to personal property, such as furniture and equipment, and now, used property also qualifies for the deduction. Your clie