IRS raises expense threshold

2/1/2016

The IRS announced during 2015 that the de minimis safe harbor has been raised from $500 to $2,500.

Simple put you can now expense tangible property up to $2,500, when in the past the IRS required these expenses to be capitalized and depreciated.  This will ease bookkeeping time and increase current year write offs.  


IRS Info

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