The inflation base year for the two figures moves to 2025
What the document says“by inserting "(2025 in the case of the dollar amounts in paragraphs (1) and (2))" after "In the case of any taxable year beginning after 2018", and”
The section amends section 179(b)(6)(A) of the Internal Revenue Code of 1986 so that the two raised figures start their inflation adjustment from a taxable year beginning after 2025, and so that calendar year 2024 is substituted for calendar year 2016 for those figures while calendar year 2017 is substituted for the amount in paragraph (5)(A).
What the document actually says“by inserting "(2025 in the case of the dollar amounts in paragraphs (1) and (2))" after "In the case of any taxable year beginning after 2018", and”
New words are put into an inflation rule. They set 2025 as the start year for the two raised figures.
Each figure now has its own base year. The two raised ones use 2024 as their base. A third figure keeps 2017.
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