Year-End Tax Planning Differences

During December, there are many articles published from various sources related to year-end tax planning. Taxpayers are generally reminded of the 2009 federal deductions for bonus depreciation and increased section 179 expense and for the addition to the standard deduction for state and local real estate tax paid and sales tax paid on the purchase of a new motor vehicle.

Wisconsin tax treatment of these items is different than the federal tax treatment.

Page last updated December 7, 2009