Domestic Production Activities Deduction - a new tax deduction for 2005

US-based manufacturing, construction, engineering, and software companies get an extra tax break this year. Companies in these industries might qualify for a 3% tax deduction if they manufacture or produce their products in the United States instead of sending that work overseas. The tax deduction comes with a set of long and complicated tax rules, but with the help of PricewaterhouseCoopers tax partner Paul Schlather, I have boiled down the complexity to the bare minimum. Read more here:

• Domestic Production Activities Deduction