More tax write offs

Tax time is just around the corner — do you know what to write off? My list of tax write offs discusses some of the most common tax write offs. But here are some of the most overlooked tax deductions:

Overlooked tax deductions:

  • Equipment purchases
  • Green commercial building
  • Domestic production
  • Vehicle usage (including the new hybrid deduction)
  • Non-cash (in-kind) charitable donations
  • Investment expenses

You should also consider using good invoicing and accounting software to help you find and manage tax write offs.

Sources: Inc’s (www . inc . com/resources/tax/articles/20061101/bweltman.html) top five tax deductions and MSN’s 10 big deductions.

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