{"id":4921,"date":"2020-10-20T15:53:56","date_gmt":"2020-10-20T15:53:56","guid":{"rendered":"https:\/\/2nsystems.com\/?p=4921"},"modified":"2022-03-22T20:15:41","modified_gmt":"2022-03-22T20:15:41","slug":"write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act","status":"publish","type":"post","link":"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/","title":{"rendered":"Write off 100% of Qualifying Facility Improvement Costs with the Cares Act"},"content":{"rendered":"<h4>As a Facility Manager, Here\u2019s What You Need to Know<\/h4>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5011\" src=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-150x150.png\" alt=\"Facilities Managers can save money\" width=\"317\" height=\"317\" srcset=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-66x66.png 66w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-150x150.png 150w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-200x200.png 200w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-300x300.png 300w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-400x400.png 400w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-600x600.png 600w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-768x768.png 768w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-800x800.png 800w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo-1024x1024.png 1024w, https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/cares-act-photo.png 1080w\" sizes=\"(max-width: 317px) 100vw, 317px\" \/><\/p>\n<p>This may come as shock, given the uncertainty due to the pandemic, but right now is actually the perfect time to invest in facility upgrades. The <a href=\"https:\/\/home.treasury.gov\/policy-issues\/coronavirus\" target=\"_blank\" rel=\"noopener\">2020 Coronavirus Aid, Relief, and Economic Stability (CARES) Act<\/a> permits a full deduction of specific project costs in a single year, with no limitations on project size.<\/p>\n<p>When investing in upgrades \u2013 maybe a new UPS, building management system, or HVAC sensors \u2013 you\u2019ll receive a tax deduction for the cost of the project. Previously, the deduction was taken over a 39-year period (a 2.5 percent write-off each year) but this is no longer the case.<\/p>\n<p>If you\u2019ve been putting off facility upgrades and waiting for the right time, 2020 is it.<\/p>\n<p style=\"text-align: left;\"><strong>APPLY NOW: <a href=\"https:\/\/home.treasury.gov\/policy-issues\/cares\" target=\"_blank\" rel=\"noopener\">https:\/\/home.treasury.gov\/policy-issues\/cares<\/a><\/strong><\/p>\n<p><strong>What facilities qualify?<\/strong><\/p>\n<p>Qualified improvement properties (QIPs), including:<\/p>\n<ul>\n<li>Hospitals and healthcare facilities<\/li>\n<li>Office buildings<\/li>\n<li>Factories and plants<\/li>\n<li>Logistics facilities<\/li>\n<li>Any other non-residential property<\/li>\n<\/ul>\n<p><strong>What facility upgrades will benefit from this accelerated deduction?<\/strong><\/p>\n<p>Non-structural upgrades (including both equipment and installation costs) to the interior envelope of existing facilities, including:<\/p>\n<ul>\n<li>Building management systems<\/li>\n<li>Sensors, valves, actuators, and other HVAC devices<\/li>\n<li>Uninterruptible power supplies, switchgear, and other electrical distribution equipment<\/li>\n<\/ul>\n<p><strong>What\u2019s not included in QIPs?<\/strong><\/p>\n<ul>\n<li>New construction<\/li>\n<li>Upgrades to the facility\u2019s structure (expansions, remodeling, etc.)<\/li>\n<li>Upgrades to the external envelope of the building (windows, doors, roof, etc.)<\/li>\n<li>Residential structures<\/li>\n<li>Certain equipment (elevators, etc.)<\/li>\n<\/ul>\n<p><strong>What else do you need to know?<\/strong><\/p>\n<ul>\n<li>There is no limit on the cost of equipment that can be expensed<\/li>\n<li>It can be combined with other incentives, such as renewable energy tax credits and utility rebates, for extra savings<\/li>\n<\/ul>\n<p><strong>Improve your facility and write it off in 2020: <a href=\"https:\/\/home.treasury.gov\/policy-issues\/cares\" target=\"_blank\" rel=\"noopener\">https:\/\/home.treasury.gov\/policy-issues\/cares<\/a><\/strong><\/p>\n<p>For more information or questions, please contact us at: <a href=\"tel:123-456-7890\">(952) 657-7006<\/a>, Extension 108 or\u00a0<a href=\"mailto:sales@2NSystems.com\">sales@2NSystems.com<\/a>.<\/p>\n<p>Written by Bailey Mutschler &#8211; Marketing Associate, <a href=\"https:\/\/2nsystems.com\/\">2NSystems<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a Facility Manager, Here\u2019s What You Need to Know This may come as shock, given the uncertainty due to the pandemic, but right now is actually the perfect time to invest in facility upgrades. The 2020 Coronavirus Aid, Relief, and Economic Stability (CARES) Act permits a full deduction of specific project costs in a single year, with no limitations on project size. When investing in upgrades \u2013 maybe a new UPS, building management system, or HVAC sensors \u2013 you\u2019ll receive a tax deduction for the cost of the project. Previously, the deduction was taken over a 39-year period (a [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":5658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Cares Act - Write Off - 2NSystems Data Center Solutions<\/title>\n<meta name=\"description\" content=\"The 2020 CARES Act permits a full deduction of specific project costs in a single year, with no limitations on project size.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cares Act - Write Off - 2NSystems Data Center Solutions\" \/>\n<meta property=\"og:description\" content=\"The 2020 CARES Act permits a full deduction of specific project costs in a single year, with no limitations on project size.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/\" \/>\n<meta property=\"og:site_name\" content=\"2NSystems Data Center Solutions\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/2NSystems\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-20T15:53:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-22T20:15:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/Qualified-Improvement-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GMM\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GMM\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Cares Act - Write Off - 2NSystems Data Center Solutions","description":"The 2020 CARES Act permits a full deduction of specific project costs in a single year, with no limitations on project size.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/","og_locale":"en_US","og_type":"article","og_title":"The Cares Act - Write Off - 2NSystems Data Center Solutions","og_description":"The 2020 CARES Act permits a full deduction of specific project costs in a single year, with no limitations on project size.","og_url":"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/","og_site_name":"2NSystems Data Center Solutions","article_publisher":"https:\/\/www.facebook.com\/2NSystems\/","article_published_time":"2020-10-20T15:53:56+00:00","article_modified_time":"2022-03-22T20:15:41+00:00","og_image":[{"width":1080,"height":600,"url":"https:\/\/2nsystems.com\/wp-content\/uploads\/2020\/10\/Qualified-Improvement-.jpg","type":"image\/jpeg"}],"author":"GMM","twitter_card":"summary_large_image","twitter_misc":{"Written by":"GMM","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/","url":"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/","name":"The Cares Act - Write Off - 2NSystems Data Center Solutions","isPartOf":{"@id":"https:\/\/2nsystems.com\/#website"},"datePublished":"2020-10-20T15:53:56+00:00","dateModified":"2022-03-22T20:15:41+00:00","author":{"@id":"https:\/\/2nsystems.com\/#\/schema\/person\/19962f584668be9ea71a07c589509122"},"description":"The 2020 CARES Act permits a full deduction of specific project costs in a single year, with no limitations on project size.","breadcrumb":{"@id":"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/2nsystems.com\/write-off-100-of-qualifying-facility-improvement-costs-with-the-cares-act\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/2nsystems.com\/"},{"@type":"ListItem","position":2,"name":"Write off 100% of Qualifying Facility Improvement Costs with the Cares Act"}]},{"@type":"WebSite","@id":"https:\/\/2nsystems.com\/#website","url":"https:\/\/2nsystems.com\/","name":"2NSystems Data Center Solutions","description":"DESIGN YOUR DATA CENTER FOR TODAY AND TOMORROW!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/2nsystems.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/2nsystems.com\/#\/schema\/person\/19962f584668be9ea71a07c589509122","name":"GMM","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/2nsystems.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fb38981a7f2791cf6c41f7e51381264d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fb38981a7f2791cf6c41f7e51381264d?s=96&d=mm&r=g","caption":"GMM"},"url":"https:\/\/2nsystems.com\/author\/gmm\/"}]}},"_links":{"self":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts\/4921"}],"collection":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/comments?post=4921"}],"version-history":[{"count":5,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts\/4921\/revisions"}],"predecessor-version":[{"id":5937,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts\/4921\/revisions\/5937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/media\/5658"}],"wp:attachment":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/media?parent=4921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/categories?post=4921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/tags?post=4921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}