Related topics

Job Creation and Worker Assistance Act of 2002

Calculating the 168 Allowance

Changing the Depreciation Method of a Single Asset

Performing a 168 Allowance Switch

Assets That Qualify for the 168 Allowance Switch

Plus 168 Depreciation Methods

See 168 Allowance % field for legislative changes that outline the percentages available for the applicable periods.

Note: The 168 Extra feature allows you to use a 168 Allowance % not valid for federal purposes for assets placed in service in years 2023 and later.

To take the additional depreciation allowance, select one of the following Plus 168 depreciation methods:

Depreciation Method

Description

MA200

MACRS Formula 200 + 168

MA150

MACRS Formula 150 + 168

MA100

MACRS Formula 100 + 168

MR200

MACRS Indian Reservation 200 + 168*

MR150

MACRS Indian Reservation 150 + 168*

MR100

MACRS Indian Reservation 100 + 168*

AA

ADS straight-line MACRS + 168

SB

Straight-line Full Month + 168

*See MACRS Method MR.

The additional allowance applies to qualifying assets, but you can elect out of the allowance for each class of assets (that is, 3-year, 5-year, 7-year, etc.) on a year-to-year basis.