The IRS just increased the de minimis safe harbor amount for businesses allowing write offs up to $2,500 per items of capital items purchased. (Businesses that get a financial statement audit can write off up to $5,000.) This means that many items a business purchases will be able to be deducted immediately rather than being depreciated over a number of years. Previously this amount was $500, so this is a significant increase for businesses. For more information, see IRS Notice 2015-82 (https://www.irs.gov/pub/irs-drop/n-15-82.pdf).