Navigating the purchase of furniture can be a daunting task without a knowledgeable and service-driven partner or team who can guide you through every step of the way. Unfortunately, a large number of companies do not take advantage of tax write-offs and IRS deductions for furniture and decorations that can save your business hundreds, if not thousands, of dollars.
In this brief guide, we discuss the applicable deductions and tax benefits available to any company or individual who might purchase furniture, fixtures, equipment, and other items (such as decorations) for business use. This FREE guide will walk you through a few specific deductions and usage in addition to the limits placed on such deductions. Additionally, we discuss furniture depreciation and the proper IRS steps to depreciate furniture over time.