Tax

Now or Later? A brief look at Expensing vs. Capitalizing

Now or Later? A brief look at Expensing vs. Capitalizing

We get asked fairly often, “Can I deduct this if I spend the money this year?” And of course, the answer is always, “It depends!” If you haven’t noticed or haven’t had reason to notice, the US tax code is riddled with carve-outs, exceptions, and exceptions to the exceptions.