How furniture depreciation works
The model assumes a half-year convention. A mid-quarter convention may apply when more than 40% of relevant basis is placed in service in the final three months. It does not test that rule. Read IRS Publication 946 and confirm your treatment before relying on the schedule.
A deduction is not the same as cash savings. The tool does not enter a tax rate, income limitation, state conformity, or Section 179 election. Budget the purchase with the furniture cost calculator, then reconcile the actual invoice and placed-in-service date with your tax adviser.
Common questions
How many years do you depreciate furniture?
The calculator uses a US federal 7-year GDS model with a half-year convention, producing eight annual rows. IRS Publication 946 lists office furniture and fixtures as 7-year property; classification can depend on business activity. Confirm the recovery period and convention for your property.
What is the depreciation rate for furniture?
Its rates are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, 8.92%, 8.93%, and 4.46%. These apply to the model assumptions, not every furniture purchase.
Can I write off furniture in one year?
IRS Publication 946 describes 100% bonus depreciation for certain qualifying property acquired and placed in service after January 19, 2025. Selecting 100% in this tool does not establish eligibility or a tax saving.
Does used commercial furniture qualify for bonus depreciation?
Certain used property can qualify, subject to IRS requirements. Being new to your business alone is insufficient to establish eligibility. Check acquisition details, business use, elections, and state treatment with your tax adviser.
Making the purchase?
Browse furniture concepts and prepare quantities for a supplier enquiry. Keep the actual invoice, acquisition date, and placed-in-service records for your tax adviser.
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