For most of the last few years, the deduction known as bonus depreciation was shrinking on a set schedule, and by early 2025 it had dropped to 40 percent. The 2025 tax law reversed that. Bonus depreciation is back to 100 percent, and for the first time it is permanent, with no phase-out date sitting on the calendar.

What follows is an overview of how the deduction works, the timing rules that determine eligibility, and why the rules are more nuanced than they may first appear.

If you have ever sat down with a financial advisor and walked away with little more than a pie chart of your investment allocation, you are not alone. That experience is incredibly common, and it leaves a lot of people wondering whether financial planning is really worth the time and cost.

A real financial plan is a living, breathing strategy that connects every major financial decision in your life to a set of clearly defined goals. It is not a product someone sells you. It is a process you work through with a trusted advisor, and it evolves as your life changes.

Here is what that actually looks like in practice.