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Deduction time is now

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  • Deduction time is now

    Are you planning on any end of the year purchases/deductions? If so what?

    Deduction time is now - 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.
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