IRS Raises Tangible Property Expensing Threshold to $2,500

IRS Raises Tangible Property Expensing Threshold to $2,500

accountingtoday.com

The Internal Revenue Service is simplifying the paperwork and recordkeeping requirements for small businesses by raising the safe harbor threshold for deducting certain capital items from $500 to $2,500.

Full article on accountingtoday.com

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