Can I deduct the cost of a new computer on my taxes? frivas from Twitter asks: "Wonder if I can deduct the cost of a new computer from my taxes." Hi, I’m Megan Nearhoff and I work at TurboTax. The answer is: it
Whether you can deduct tolls and mileage for your job depends on when you drove the miles and paid the tolls. According to the IRS, vehicle expenses cannot be incurred by driving from your residence to your job. Instead, business miles are those driven on company business, such as driving ...
19 Medical Expenses You Can Deduct From Your TaxesFox Business
If you have a full-time job but use your vehicle for work duties (driving to meetings, picking up supplies, etc.), your reimbursements from your employer are likely to be tax-free for those driving costs. If you’re self-employed, you typically can deduct expenses for the miles ...
These deductible payments can be either state or local income taxes or state or local property taxes. If the state or local government seizes your tax refund directly from another tax year, you can also deduct the amount of the refund as a payment of back taxes, so it’s important to ...
Can I Claim Goodwill Donations on Taxes? Personal Finance How to Calculate Thrift Store Value for Taxes Non-Monetary Donations If you donate bags of dog food, cat treats, an animal carrier or other items to the ASPCA, you can deduct the value of these items from your taxes. Again, you'...
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you can deduct everything you spend on the rental car. If you're using the vehicle in the course of conducting your daily business at home, however, you must subtract your personal driving from all the miles you put on the car. For example, if you logged 800 miles and 200 of them we...
taxes. If you’re a homeowner and an itemizer, you could make an extra mortgage payment to increase your mortgage interest write-off next year. If you’re a small business owner or self-employed, make any big business purchases before December ends to deduct the expenses on your tax return...
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