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Today's the day to shop - and to donate!

By
Services for Real Estate Pros with Marte Cliff Copywriting

December 31 - the last day to spend or give money that will result in a deduction on your 2018 Income Taxes.

We may all feel "spent out" from Christmas, but depending on what you'll save, it might be Happy New Yearworth it to invest a bit in business expenses today. If nothing else, it's a good day to pay those deductible  bills that will be due in the first couple of weeks of January.

If you want to estimate how much you'd save on taxes for every $100 you spend today, check out the post I wrote last week: https://copybymarte.com/only-6-days-left/

It has the IRS tax tables, so a quick look at your bookkeeping program to see your income and expenses for 2018 should tell you whether you'll gain by the percentage of tax you'll pay, or whether a few expenditures will push you into a lower tax bracket.

And - only you know whether you'll itemize and thus save money by making donations today, but whether or not you will, the charities you love will appreciate it!

You have a few hours left - get busy!

Meanwhile... HAPPY NEW YEAR!

 

Image courtesy of Stuart Miles @freedigitalphotos.net

Comments(9)

Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Marte Cliff - Thank you for sharing this information. Tax time will be here before we know it. You provided a wonderful link with useful tips for tax time.

I wish you a wonderful New Year.

Dec 31, 2018 03:00 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Patricia Feager, MBA, CRS, GRI,MRP I was a bit startled when I saw the 10% difference between $38,700 / $77,400 and $38,701 / $77,401. For anyone hovering around those lines, it would be well worth it to spend some money today. 

Dec 31, 2018 04:19 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Donations done...for the most part ours are purchases knowing that the cause is getting exactly what they need most.  Our best wishes for a great 2019

Jan 01, 2019 04:13 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

And a fantastic new year to you too, Sally K. & David L. Hanson.

Jan 01, 2019 09:15 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Marte, great advice, I just wanted to stop in and wish you a very Happy, Healthy & Prosperous 2019, Endre

Jan 01, 2019 08:55 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Thank you Endre Barath, Jr. - I wish you the same!

Jan 01, 2019 09:00 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Marte, I did my donations for the year, and on Colorado Gives Day.  Definitely like to shop small!

Jan 04, 2019 05:01 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Great reminder post, lots of people are waiting to see how the new tax laws will affect them with their taxes and deductions or not.

Jan 04, 2019 08:39 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Joan Cox - I would love to shop small, and locally. Unfortunately, that only works if I want to buy groceries, auto parts, or hardware store items. For anything else it's go on line or take the day to go to another town.

Nick Vandekar, 610-203-4543 Yes, I think business deductions will remain in place, but personal deductions may not count for much now that the standard deduction has been increased.

Jan 04, 2019 11:06 AM