Bonus Depreciation
2011 Expanded Instructions
Questions? E-mail Us!
2011 Expanded Instructions Home
IDR Home
IA Tax Library
Topic Index Line Index
IRS Code
IRS Form
Translate eFile Fast


Bonus Depreciation

Iowa did not adopt the federal 100% bonus depreciation provisions passed by Congress for assets acquired during 2011. The adjustment for depreciation should be made on form IA 4562A to account for the difference between federal and Iowa depreciation. Also complete form IA 4562B (Iowa Depreciation Accumulated Adjustment Schedule).

Section 179

Iowa has adopted the federal provisions relating to increasing the expensing amount under section 179 of the Internal Revenue Code. The section 179 limit for Iowa for 2011 is $500,000.