Business owners may also be curious about this year’s changes to depreciation.

Basically, all thresholds were raised, so you can pretty much find a form of accelerated depreciation to suit whatever you want to buy.

Passenger automobiles, however, see new limits:  Year 1 is max $10K, or max $18K with bonus depreciation, but these amounts must be (1) prorated between business and personal use and (2) given back when personal use falls below 50%.  This is a definitely important if you are nearing retirement.