Gambling losses are indeed tax deductible, but only to the extent of your winnings. Find out more about reporting gambling losses on your tax return.
Can I claim food expenses on taxes when working out of state? Can an employer deduct mileage if the employee leaves from his house instead of the office? If you made $4,000 last summer, do you need to file taxes? When filing your taxes, a set amount on which no...
Cellphones have become just as vital to business as a land line, which makes cellphone use a legitimate, deductible business expense. But for most of us, cellphones are also inextricably linked to our personal lives, so it's a deduction that the IRS care
If you have to buy a smart new suit for your paralegal job or uniforms for your National Guard duties, it might seem these are obvious work expenses and valid tax deductions. Not necessarily, according to the Internal Revenue Service (IRS). Work clothes