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Only 2 days left to make deductible purchases for 2019

By
Services for Real Estate Pros with Marte Cliff Copywriting

Today is a good day to take a look at your income and outgo for the past year.

You may want to make a few purchases to reduce the tax bill.

  • Do you need new electronics of some sort?
  • Have you been considering a new website or new pages for your current site? Now might be the time to choose a provider and make a deposit.
  • Do you need a new or revised agent bio to start the new year?
  • Do you need new prospecting letters?
  • If you’re getting low on printer ink or paper – or even post-it notes – it might be time to place those orders.

Am I following my own advice?

Yes. Earlier this week I purchased some marketing /informational products from Bob Bly and Graham McGregor. Today I checked supplies and ordered more printer ink.

The hour or two you spend today looking at your finances could help you save considerably at tax time...

So just do it.

Then, if you need to spend a few more dollars before Wednesday, do that too!

 

Image courtesy of FrameAngel at FreeDigitalPhotos.net

Comments(15)

Roy Kelley
Retired - Gaithersburg, MD

This is a good reminder to share. 

Happy Holidays!

Dec 29, 2019 01:55 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Thanks Roy Kelley - I have known one person in my life who didn't bother taking allowable deductions, but most of us would prefer to pay less.

Dec 29, 2019 02:09 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, this is always a good idea, but only for items you truly need or will use.

Dec 29, 2019 02:18 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Marte, Thanks for the reminder of year end financial responsibilities.  Checking your income and outgo - will help guide these purchase decisions.

Dec 29, 2019 03:18 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

thanks for the reminder!  It will be helpful in considering where to spend money in the next two days

Dec 29, 2019 03:41 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

So true, Joan Cox. It's never a good idea to spend money on things you won't use.

However, if you need to spend only a small amount to save a large amount on taxes, there are always supplies that will eventually get used. For instance, printer ink. And in my case, there's always an eventual need for pens, file folders, notebooks, and a few other items that those who are 100% digital may not use often.

Dec 29, 2019 03:41 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Bob Crane We should all try to keep track of where we are financially througout the year. However, knowing the status right now could save a bundle of money.

Lise Howe Yes - and it goes both ways. If 2019 was not such a good year, but things are on track for a profitable 2020, a person might want to put off making necessary purchases until after the 1st.

 

Dec 29, 2019 03:44 PM
Deepak Chauhan Asso-Broker, MLO
Versailles Property - Irvine, CA
Your Solution-Oriented Realtor

Very good blog, thanks Marte

 

Look in the rear mirror

Dec 29, 2019 04:17 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

@Thanks Deepak Chauhan - Yes, it's good to look in the rearview while still looking ahead to the future.

Dec 29, 2019 09:22 PM
Deepak Chauhan Asso-Broker, MLO

Well, I meant I was following you ... 

Jan 03, 2020 06:39 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I just ordered some marketing materials - thanks for the suggestion! 

Dec 30, 2019 04:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Marte... I've been doing just that for about a week now... replenishing marketing suppplies for next year. Not only are they tax deductible, many of them were also sold at deep discount.

Dec 30, 2019 05:36 AM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yeap, doubling down on buying and also donating!

Dec 30, 2019 06:47 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Marte - Thanks for keeping us on our toes! I hope your holidays were merry and that this New Year will be fun and fantastic!

Jan 01, 2020 10:35 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Lise Howe - glad you got it done under the wire!

Nina Hollander None of what I needed was discounted, but I didn't need much. Mostly printer ink, etc.

Jan 01, 2020 12:48 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Candice A. Donofrio Yes - I should have mentioned donations as well as purchases.

Patricia Feager, MBA, CRS, GRI,MRP Thanks. I couldn't have asked for better for Christmas, with both of my boys here. I hope 2020 will be a fantastic year for all of us!

Jan 01, 2020 12:50 PM