Spend only what you need to

• Don’t spend money just to get a tax deduction
  Yep, you heard us. Spending $1,000 on a tool kit doesn’t mean you’ll save $1,000 tax. You only save a percentage of whatever your tax rate is. E.g. If your  income puts you in the 34.5% tax bracket - you’ll only save $345. Did you really need that $1,000 tool kit?