New Tax Rules-Depreciation

[buddie65]

Just saw a new tax rule about writing off an item for 2015. It looks like now you may write off an item costing $500.00 or less in the same year ...where in the past it was only $100.00 or you had to use depreciation. Yea for us :} will be looking up the details on this one

[TomCopeland]

depreciation

Just saw a new tax rule about writing off an item for 2015. It looks like now you may write off an item costing $500.00 or less in the same year ...where in the past it was only $100.00 or you had to use depreciation. Yea for us :} will be looking up the details on this one

Yes, the IRS passed a new rule a year ago that allows you to deduct in one year any item costing less than $500. See my article on this: http://www.tomcopelandblog.com/2014/...-100-rule.html