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Old 01-13-2013, 04:09 PM
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KS_Grasscutter KS_Grasscutter is offline
LawnSite Gold Member
Join Date: Dec 2005
Location: Hutchinson, Kansas
Posts: 3,317
Ive screwed myself over many times buying equipment in the name of saving on taxes. I'm starting to think that if you can't pay cash for it, you don't need the tax benefit. I would like to open a traditional IRA this year. I think you can contribute $5,000 tax free. The downside is you have to pay taxes on the earnings where as with a Roth IRA you do not.
Hutchinson, Kansas
Kansas Certified 3b Applicator
Mowers-Trucks-Trailers-Snow Equipment-Application Equipment-Etc

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