{"abstract":"This document contains final regulations that provide guidance regarding the additional first year depreciation deduction under section 168(k) of the Internal Revenue Code (Code). These final regulations reflect and further clarify the increased deduction and the expansion of qualified property, particularly to certain classes of used property, authorized by the Tax Cuts and Jobs Act. These final regulations generally affect taxpayers who depreciate qualified property acquired and placed in service after September 27, 2017.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/11/10/2020-21112.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"85 FR 71734","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: These regulations are effective on January 11, 2021.","disposition_notes":null,"docket_ids":["TD 9916"],"dockets":[],"document_number":"2020-21112","effective_on":"2021-01-11","end_page":71770,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/11/10/2020-21112.xml","html_url":"https://www.federalregister.gov/documents/2020/11/10/2020-21112/additional-first-year-depreciation-deduction","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-21112?publication_date=2020-11-10","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-11-10/2020-21112/mods.xml","not_received_for_publication":null,"page_length":37,"page_views":{"count":32532,"last_updated":"2026-10-23 04:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-11-10/pdf/2020-21112.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-21112.pdf?1604610917","publication_date":"2020-11-10","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/11/10/2020-21112.txt","regulation_id_number_info":{"1545-BP32":{"issue":"202104","html_url":"https://www.federalregister.gov/regulations/1545-BP32/revisions-to-the-section-168-k-final-regulations","title":"Revisions to the Section 168(k) Final Regulations","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202104&RIN=1545-BP32&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"}},"regulation_id_numbers":["1545-BP32"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP32/revisions-to-the-section-168-k-final-regulations","title":"Revisions to the Section 168(k) Final Regulations"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2019-0041","supporting_documents_count":0,"docket_id":"IRS-2019-0041","document_id":"IRS-2019-0041-0008","regulation_id_number":"1545-BP32","title":"Additional First Year Depreciation Deduction (REG-106808-19)","checked_regulationsdotgov_at":"2020-11-15T04:30:08Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":71734,"subtype":null,"title":"Additional First Year Depreciation Deduction","toc_doc":"Additional First Year Depreciation Deduction","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":85}