Last Minute Section 179 Expense Write-Offs

On The Jeff Trapp Show, Jeff will discuss ways to maximize additional write-offs and deductions before December 31st in our ongoing year-end tax savings series. Generally, if you have a growing business, your net profits will be higher, which means that your taxable income will be higher. Perhaps you are also investing in real estate and growing your investment portfolio. Moreover, you may be expecting higher income this year than last year, or higher income this year than next year. Reasonably so, you may be worried about ending the year with higher taxes if you don’t do something now. Well, good news! There are some things you can do to get additional write-offs. You might be able to deduct the purchase of additional office equipment or machinery. It may be possible for you to gain a substantial tax deduction by improving the property you own. Buying a new car before the year ends might even be a great tax write-off. These are things that may be of interest to you before the year ends. So check out our episode Section 179 Expenses now. Also, be sure to join us today at 11 AM CT for our LIVE webinar where we'll cover all of our year-end tax-saving strategies to help you save the most taxes possible: https://register.gotowebinar.com/register/517429884832513438. Don't forget to subscribe, like, and share to keep up with our latest tax tips.