March 7, 2011
Five Sneaky Tax DeductionsMSN Money, 5 Sneaky Tax Deductions:
(Hat Tip: Bryan Weng.)
You've probably never heard of these write-offs, but they could save you a lot of money and make your April easier. Why send the IRS any more than you need to?
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Well, we need a little "truth in advertising" here.
The depreciate land action is not really depreciating land, it is a method of transferring income from high bracket tax payers to low bracket ones.
The "make money on charitable contributions" requires a lot of effort, and the depreciation in one year strategy is just timing. The other provisions are pretty normal.
Posted by: Sid (real one) | Mar 7, 2011 10:37:49 AM