What is to 'Capitalize'. Capitalize is an accounting method used to delay the recognition of expenses by recording the expense as a long-term asset. In general, capitalizing expenses is beneficial as companies acquiring new assets with a long-term lifespan can spread out the cost.
For orthodontics, most, if not all plans have a lifetime maximum amount that the carrier will pay for treatment. This is typically anywhere from $750 to $4000 and the patient is responsible for the remainder of the orthodontic cost.
The maximum IRA contribution limit is $5,000 for those under the age of 50. For those 50 and older, the contribution limit is $6,000. This contribution limit applies to all IRAs held in each personâs name. Since IRAs canât be held jointly, a married couple can contribute the maximum amount to two IRAs.As a result, your working partner can contribute $5,000 to his or her own IRA, and contribute another $5,000 to the IRA in your name, bringing the total annual retirement contribution to $10,000.he maximum IRA contribution limit is $5,000 for those under the age of 50. For those 50 and older, the contribution limit is $6,000. This contribution limit applies to all IRAs held in each personâs name. Since IRAs canât be held jointly, a married couple can contribute the maximum amount to two IRAs.