Tools Tax Deduction
March 31st, 2008
Question: Tax Question about a right off?
My hubby is a mechanic, and had to buy literally $9,000 in tools for his job. My Q. is can we right them off without having to bypass the standard deduction, because we don’t have enough to right off to reach the limit to make it worth it to us. So is there any other way to right them off?
Answer: The easiest way is to use an on-line tax program. Enter all your information including the tool expense. The program figures it out for you and will use standard or Itemized Deductions which ever gets you the bigger refund. Also, you can see how much you are getting back before you pay.
I like this one because it donates part of your fee to charity.
http://www.internet-taxprep.com/wichitasouth
or
http://www.internet-taxprep.com/hopeworldwide
Don’t use turbotax, they get your numbers wrong.
Items on Amazon Right Now for Tools Tax Deduction:
An appeal to help light the darkness. [Adventures in Ethics and Science]
In the last few days, I’ve gotten a bunch of emails reminding me that the window for tax-deductible charitable giving for the year is closing. So, as 2009 winds down, I want to make an appeal to those readers lucky enough to have a bit of money for discretionary spending. Last year I wrote : [T]o the extent that we can, we can shake our tiny checkbooks and try to bring a bit more light to the …
World’s Greatest Small Business Tax Tool
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Tags: charity, finance, money, tax, taxes, tradesperson's tools tax deduction, work tools tax deduction