Accelerate Depreciation with Qualified Improvement Property (QIP) - The Smart Way to Maximize Your Renovation ROI

If you’ve recently upgraded or renovated your commercial property, there’s a powerful tax advantage you might be missing - Qualified Improvement Property (QIP). Under the current tax laws, QIP allows businesses to accelerate depreciation on certain interior improvements like lighting, HVAC systems, ceilings, and flooring. Instead of depreciating these costs over 39 years, you can write them off over just 15 years — and in many cases, even qualify for 100% bonus depreciation in the same year. 

In this insightful blog from ProcStat, we explain how QIP works, what qualifies, and how to apply it strategically. You’ll also learn how proper classification can significantly enhance your cash flow and reduce tax liabilities. Many property owners miss out simply because improvements are misclassified or unreported — costing them thousands in unrealized savings. 

Whether you manage multiple commercial locations or handle property renovations, this guide helps you turn renovation expenses into financial advantages through smarter accounting. 

Read the full blog to learn how to leverage QIP and maximize your renovation ROI: https://procstat.com/knowledge-center/blog/qualified-improvement-property-qip-the-smart-way-to-accelerate-depreciation-on-commercial-renovations/