Yes, Delaware conforms to federal bonus depreciation. Property owners can claim accelerated depreciation for both federal and state taxes, maximizing tax savings.
A office building purchased for $1,405,000 in Delaware
Purchase Price
$1,405,000
Land Value
$298,683
21.3% of total
Year In Service
2022
Tax Savings
$171,744
12.2% of purchase
Through a detailed engineering cost segregation study, this office building owner in Delaware accelerated depreciation on qualifying components - turning $171,744 of locked-up basis into immediate tax deductions and improved cash flow.
