"NOYB" wrote in message
ink.net...

"Harry Krause" wrote in message
...
NOYB wrote:

In Florida, your home is your safest investment. The tax write-off is a
bonus. I can write off the interest on the home loan, but not interest
on my school loan. That just doesn't make sense.


Perhaps you are over the qualifying income levels?

Nope. I'm an S-Corp. I take a good portion of my salary as a
distribution. If I'm close to losing a deduction due to exceeding an
income threshold, I have the option at the end of the year to make a large
purchase for the office, deducting it as a Section 179 expense, and
effectively lowering my income for the year.

Which is why the notion from the liebrals to take the income limits off SS
will never work. It will just push more and more people into S-Corps. and
distributions.