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Deduction time is now


General Business Discussions

A place to talk about general business discussions.
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Old 12-19-2006, 01:53 PM
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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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