12/22/2017
1/1/2018
3/11/2021
12/31/2021
8/16/2022
12/31/2022
3/27/2020
12/31/2025
12/31/2026
12/31/2028
TCJA signed into law
Most TCJA provisions became effective
CARES Act signed into law, temporarily altering several TCJA provisions
American Rescue Plan signed into law, extending the limitation on excess business losses through 2026
The first TCJA provisions expire: Research & Experimental expenditures must be amortized and business interest expense limitation calculation becomes more stringent
Inflation Reduction Act signed into law, extending the limitation on excess business losses through 2028
100% bonus depreciation expires. It will be reduced by 20% each year until it fully phases out at the end of 2026.
Numerous TJCA provisions are set to expire. See the chart below.
Taxpayers can no longer defer eligible gains by investing in Opportunity Zones
Excess business loss provision set to expire
12/31/2028
12/31/2026
12/31/2025
12/31/2022
8/16/2022
Excess business loss provision set to expire
Taxpayers can no longer defer eligible gains by investing in Opportunity Zones
Numerous TJCA provisions are set to expire. See the chart below.
100% bonus depreciation expires. It will be reduced by 20% each year until it fully phases out at the end of 2026.
Inflation Reduction Act signed into law, extending the limitation on excess business losses through 2028