Business and the Economy
Last Minute Tax Deductions
For some area residents, the end of the calendar year means making sure income tax deductions are in line. Otherwise, they won’t benefit fully from charitable contributions and other qualifying deductions until 2013. Krystal Williams, manager of Accounting and Tax Professionals in Elizabethtown, said business gets hectic in December with people trying to get in last-minute deductions. Many regular clients make such arrangements near the end of the calendar year, especially deductions for money given to charity, she said.