You can deduct most or all of your charitable contributions. Just be sure to follow the IRS's hard-and-fast rules.
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Q&A: Deducting losses from real estate investment With real estate prices so low, I'm thinking about buying a single-family home as a rental property. Is it true that I can deduct the tax loss from this ty... SL Doll - 《Medical Economics》...
Subtract any insurance reimbursements you may have received from the number you came up with in (3).3 If you've had several items stolen or damaged/destroyed as a result of a qualifying event, you will need to determine the loss on each item and then add those losses to come up with ...
TurboTax Tip: If you’re a business partner orLLC memberwho's treated as a partner for tax purposes, you can deduct the health insurance premiums you pay directly. If the partnership or LLC pays the premiums, you can still claim the deduction for premiums paid for your cover...
When it comes to making sure students have the tools for successful learning, school teachers commonly dip into their own pockets to pay for classroom materials. Fortunately, the Educator Expense Tax Deduction can offer teachers some financial relief.