Update (July 21, 2025): The One Big Beautiful Bill Act related tax changes originally scheduled for our January 2026 release are now coming earlier—in our Sage Fixed Assets 2026.0 release, planned for late-August, 2025!
To help you prepare, we’ve posted the latest information and downloadable resources here.
Great news: The One Big Beautiful Bill Act (OBBBA) has officially passed in both the House and Senate, and 100% bonus depreciation is back—starting January 20, 2025—for Federal tax purposes.
What’s Changing?Let’s break it down between what’s federally enacted and what Sage Fixed Assets will support:
What the Law Says (Federal):-
100% bonus depreciation is reinstated starting January 20, 2025.
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The provision is not retroactive to 2023 or 2024 for federal tax reporting.
What Sage Fixed Assets Will Support:-
The 2026.0 release, arriving late summer, will offer the optional 168 Extra feature, allowing customers to apply 100% bonus in any tax year from 2023 onward.
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After updating to the 2026.0 release, use this feature with the 168 Allowance Switch feature to apply 100% to your existing qualifying assets PIS 1/20/2025 and later.
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100% is not valid for federal purposes before 1/20/2025, but can be helpful for:
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State returns that permit 100% bonus in 2023 and 2024.
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Internal reporting and planning scenarios.
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Coming Soon in 2026.1, Planned for January 2026:-
After updating to the 2026.1 release 100% bonus will be automatically applied to Property Type P, A, T, and Q assets added with a placed in service on or after January 20, 2025, in alignment with the federal default.
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Customers will no longer need to use the 168 Extra feature for federal purposes—though it can remain active without issue.
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Additional OBBBA-related tax rules and updates will also be included.
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IRS Form 4562 for 2025 tax years.
We’ll continue updating this article as implementation details unfold. For now, rest assured that Sage Fixed Assets has you covered—both for federal compliance and state-level flexibility.
Questions? We're here to help:
