The Section 179 deduction is very useful and interesting. Also called the first year expense allowance, the section 179 deduction dollar limits have increased year after year allowing taxpayer to take larger tax deduction. Business owners often benefit greatly from Section 179 tax deductions.
A tax deduction checklist is very useful for any taxpayers wanting to claim as many IRS tax deductions as possible. By using a tax deduction checklist, a taxpayer can ensure that he or she will be able to lower the amount of taxes owed to the IRS.
A car donation tax deduction can be claimed when a car is donated to an eligible organization and proper proof of the car donation is obtained. The IRS has a few publications dedicated to explaining to taxpayers how to claim a car donation tax deduction.