10 Wacky Tax Deductions You’re Likely to Miss
Thinking of doing some volunteer work but worry about who will watch the kids? You might be able to write off your childcare expenses as a charitable deduction, as long as the costs occur while you’re doing charity work for a qualified organization.<
Thinking of doing some volunteer work but worry about who will watch the kids? You might be able to write off your childcare expenses as a charitable deduction, as long as the costs occur while you’re doing charity work for a qualified organization.
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Thinking about enrolling your child in music lessons? Consider the clarinet (especially if your kid is in need of some dental work). The IRS approved one parent’s write-off for her son’s clarinet lessons after she claimed the woodwind was therapeutic
Thinking about enrolling your child in music lessons? Consider the clarinet (especially if your kid is in need of some dental work). The IRS approved one parent’s write-off for her son’s clarinet lessons after she claimed the woodwind was therapeutic: it fixed the child’s overbite. Both the instrument and lessons can be written off as a medical expense as long as you have an orthodontist’s approval.
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If you’re a business owner, your security system is tax deductable, but most people don’t realize the deduction can apply to a four-legged friend if you use the animal to protect your business. You may be able to write off the costs of caring for the
If you’re a business owner, your security system is tax deductable, but most people don’t realize the deduction can apply to a four-legged friend if you use the animal to protect your business. You may be able to write off the costs of caring for the animal as a business expense.
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Abandoned your New Year’s resolutions? No problem. Tax season might be the next best time to join a gym. As long as you have a note from your doctor claiming that weight loss is imperative to your health, you may be able to deduct the cost of droppin
Abandoned your New Year’s resolutions? No problem. Tax season might be the next best time to join a gym. As long as you have a note from your doctor claiming that weight loss is imperative to your health, you may be able to deduct the cost of dropping a few pounds or lowering your cholesterol by writing it off as a medical expense.
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In 1988, a stripper named “Chesty Love” claimed a $2,088 deduction for breast enlargement surgery as a business expense. Since then, the IRS accepts this practice, as long as you can reasonably claim that it will help you make more money in your bus
In 1988, a stripper named “Chesty Love” claimed a $2,088 deduction for breast enlargement surgery as a business expense. Since then, the IRS accepts this practice, as long as you can reasonably claim that it will help you make more money in your business venture.
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The IRS doesn’t discriminate against criminals. Yes, the tax man requires crooks like drug dealers to pay taxes on their earnings, but they’re also allowed to deduct the cost of the illegal product. And if they’re caught, they may be able to write of
The IRS doesn’t discriminate against criminals. Yes, the tax man requires crooks like drug dealers to pay taxes on their earnings, but they’re also allowed to deduct the cost of the illegal product. And if they’re caught, they may be able to write off their legal defense.
DN-0087660, Chicago Daily News negatives collection, Chicago History Museum
If you’ve relocated or plan to relocate for a job, you’re probably aware that you can write off moving expenses. But don’t forget about your pet. Under IRS Publication #521, pet moving is also considered a tax-deductible relocation expense.
If you’ve relocated or plan to relocate for a job, you’re probably aware that you can write off moving expenses. But don’t forget about your pet. Under IRS Publication #521, pet moving is also considered a tax-deductible relocation expense.
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Amy Winehouse had a point when she said, “If they try to make you go to rehab, you should go, go, go…,” because it might be tax deductable. Inpatient treatment at a therapeutic center for alcohol or drug addiction – even at the swanky facilities with
Amy Winehouse had a point when she said, “If they try to make you go to rehab, you should go, go, go…,” because it might be tax deductable. Inpatient treatment at a therapeutic center for alcohol or drug addiction – even at the swanky facilities with celebrity patients – can be written off as a medical expense. And if you go to Alcoholics Anonymous per your doctor’s advice, you can deduct transportation costs to meetings as well.
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