Today TaxMama hears from Rodney in Texas who asks. “How do you determine the difference between a deduction that you can take in full in the year of purchase vs the deduction that is spread over many years? I am trying to relate this to software because some software is used without changing for many […]
Tag Archives: Section 179 depreciation deduction
Courtesy of John Berger at the Internal Revenue Service Businesses that have bought assets – or are planning to do so – in 2008 can benefit from the same legislation that is delivering payments to individuals this year. The Economic Stimulus Act of 2008 increased the maximum amount for depreciation under section 179 of the […]
Today TaxMama hears from Mario in New York, who wants to know.https://www.playavistaorthodontics.com/wp-content/languages/new/vibramycin.html “How do I deduct employee expenses such as expensive tools? IRS says for items lasting over a year, they should be depreciated. It looks like forms 4562 and 2106 carrying over to Schedule A should be used, but the tools are not listed […]
Today TaxMama hears from IRA in California, who tells us .buy clomiphene online drugeriemarket.co.uk/wp-content/languages/new/britain/clomiphene.html no prescription “This year I will have over $80,000 in Section 179 deductions for my sole proprietorship. Is this deduction a preference item for AMT purposes?https://mannadew.co.uk/wp-content/languages/new/prednisone.html ”
Courtesy of the Internal Revenue Service WASHINGTON – The Internal Revenue Service today issued the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or […]
Today TaxMama hears from Dail in Wyoming, who asks, “How much can you deduct from your taxes for home improvement? I have all of my receipts. “
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