For those of you considering financial management, customer relationship management or other software solutions in the 2008 calendar year, there could be an additional incentive to do so. Taxpayers can deduct $128,000 of software and other personal property costs in the year of acquisition. That means anyone who buys software and the related consulting costs can deduct up to $128k from their taxes.
As always, do consult with your accountant and/or tax advisor before making any purchases. See attachment for more details.