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February 17, 2015 01:00 AM

ASK PAM OAKES: Can you deduct donated tools?

Pam Oakes
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    Pam Oakes

    Q: I had to do an inventory of my tools for my accountant. I never realized that I had four or five copies of the same wrench, sockets. So, I took some of those and gave them to a lube tech just starting out in the shop. One of the other techs said that I can take that off my taxes. Is this true?

    A: That's a question best answered by your accountant. I'm sure they are going to ask how many tools, what kind of tools and the quality of tools donated to the new tech. And make sure you have a receipt of the parts donated. Kudos to you! What a great way to help out the up and coming tech generation!

    Q: I am sick and tired of paying top dollar for a tool that falls apart weeks after I buy it. How can I tell the quality before I buy?

    A: Before you buy, ask questions. What's the warranty? What are the different brands offering this particular tool? How reliable are these brands? Where is the tool manufacture red? Is it the same factory as the cheaper counterparts or other manufacturers? You want the best tool in your box? You're going to have to ask questions to get the best deal, quality part.

    Have an automotive service-related question for Pam Oakes? Email it to Tire Business reporter William Schertz at [email protected].

    ASE-certified technician Pam Oakes is the owner of Pam's Motor City Auto & Tire Center, an award-winning automotive service business in Fort Myers, Fla. She also is the author of the book series Car Care for the Clueless and hosts a daily radio talk show by the same name airing on various CBS Radio stations.

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    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

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