Any eligible business cost made in 2011 reduces your taxable income dollar for dollar.
There’s still time to lower your 2010 tax bill. Pick the right retirement account to get the biggest bang for your bucks.
If Congress doesn’t extend the tax cuts, in effect raising taxes for 2011, it will make more sense to defer expenses into 2011 and accelerate income into 2010.
The timing of any major year-end expenditure should be viewed in light of taxes.
Sign up to get Overdrive's daily newsletter.