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Charge those deductions!
December 31, 2008
Today is the last day for most 2008 tax deductions. If you use your credit card to pay for a deductible expense today, you can deduct it in 2008 even though you won't pay the credit card bill until 2009.
If you are charitably inclined, some excellent places to take your credit cards include:
Salvation Army
Soldiers Angels
Sertoma Foundation
Iowa Donor Network
Tax Foundation
Scan through all of our 2008 year-end planning posts to get other deduction ideas. The Tax Grrrl has year-end roundups for businesses and individuals, and Kay Bell also has some last-minute tax planning ideas. Even the IRS has a year-end deduction roundup. So get your deductions in order, and we'll see you in 2009.
• 2008 Year-end tax planning Bookmark: del.icio.us • Digg • reddit
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
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