View Full Version : Deduction time is now

12-19-2006, 01:53 PM
Are you planning on any end of the year purchases/deductions? If so what?

Deduction time is now (http://www.theadvertiser.com/apps/pbcs.dll/article?AID=/20061216/BUSINESS/612160329/1046) - Interested in a new pickup truck for your lawn-care service? Buy it now and write off up to $25,000 for the business expense.

You also can write off the personal purchase of a hybrid car.

Computers, office supplies, 401k contributions - all deductible in different ways.

Just remember to keep all your records, said Michael L. Dobzinski, spokesman for the IRS.