Take advantage of new tax rebates with Innovative Cabinets & Closets

Looking to make upgrades to your business’ interior? Have you partnered with us for your commercial space enhancements within the past two years?

Thanks to new tax regulations enacted as part of the Coronavirus Air, Relief and Economic Security (CARES) Act, there may never be a better time as interior improvements in nonresidential buildings now qualify for immediate bonus depreciation deductions — and the benefits are retroactive back through 2018 taxes!

BEFORE

QIP given a depreciable recovery period of 39 years

Not eligible for bonus depreciation

NOW

QIP generally depreciable over a 15-year period

Eligible for 100% bonus depreciation through 2022

What Innovative Cabinets and Closets projects could qualify?

  • Front Desk and Lobby Enhancements
  • Retail Shelving and Built-Ins
  • Commercial Cabinetry and Closet Installations

Let us help you take advantage of new and exciting tax incentives.

Connect with us to talk through your options.

We are not tax professionals. Please see your CPA or attorney for tax advice.

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