IRS Ups Deduction vs. Depreciation to $2,500 for Computers, Phones

The Internal Revenue Service has increased the amount small businesses can expense versus depreciate on their taxes each year. It’s a change that should simplify record keeping and increase the amount of a capital investment you can write off in a year. Specifically, the federal agency has boosted the so-called “IRS safe harbor” limit businesses […]

IRS Ups Deduction vs. Depreciation to $2,500 for Computers, Phones

The Internal Revenue Service has increased the amount small businesses can expense versus depreciate on their taxes each year. It’s a change that should simplify record keeping and increase the amount of a capital investment you can write off in a year. Specifically, the federal agency has boosted the so-called “IRS safe harbor” limit businesses […]