Tangible Expensing Threshold to Hit $2,500

Tuesday, 01 December 2015
Tax

John Koskinen, Internal Revenue Service The Internal Revenue Service has raised the safe harbor threshold for expensing some capital items to $2,500 from $500. The change affects businesses that do not maintain audited financial statements and applies to qualifying items substantiated by an invoice. The threshold takes effect in tax year 2016.

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