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Tax deduction


A common such deduction is a fixed allowance for the ... expenses) are referred to as “itemized deductions” for individuals.

9 Things You Didn't Know Were Tax Deductions - TurboTax Tax Tips ...


... a tax deduction that would have lowered your tax bill or increased your tax refund on your tax return. Here are some tax deductions that you shouldn't overlook.

How to Itemize Tax Deductions
Federal income taxes can swallow up a big portion of your income. Getting the most deductions possible is the only way to legally reduce the amount of tax you pay. To get all the deductions you can, you'll need to itemize your tax deductions. It's more... More »
Difficulty: Moderate
Source: www.ehow.com

Tax Deductions - Tax Deductible Expenses for Families - Efile.com


A tax deduction reduces your taxable income. ... NOTE: There are specific items that you cannot deduct from your taxes, such as home repairs and political ...

Tax Topics - Topic 500 Itemized Deductions - IRS.gov


Tax Topics - Itemized Deductions. Topic 500 - Itemized Deductions. The following topics are found in the category of Itemized Deductions. Each topic is followed ...

The Most-Overlooked Tax Deductions-Kiplinger


Jan 14, 2016 ... So if your state doesn't have an income tax, the sales tax write-off is ... add the sales tax you paid on that big-ticket item to the amount shown in ...

Tax Topics - Topic 452 Alimony Paid - IRS.gov


Dec 30, 2015 ... You do not have to itemize deductions to deduct your alimony payments. You must file Form 1040 (PDF), U.S. Individual Income Tax Return, ...

Publication 17 (2015), Your Federal Income Tax - IRS.gov


Alimony is deductible by the payer, and the recipient must include it in income. ... These include payments for your spouse's medical expenses, housing costs ...

Is Alimony Always Tax Deductible to the Paying Spouse ...


Generally, the paying spouse deducts alimony payment from their taxes, but ... the home together and you pay all the expenses, you are allowed to deduct only  ...

Popular Q&A
Q: What Are Tax Deductible Items
A: Tax deductions are allowed for a variety of items, especially on those items where you spend money to produce income for someone else. However, there are severa... Read More »
Source: www.buzzle.com
Q: Which is better for tax deductions, itemization or a standard ded...
A: Each. deduction. that you claim may result in a decrease in the amount of taxes that you owe. However, whether you receive the maximum possible deduction could ... Read More »
Source: www.investopedia.com
Q: About Tax-deductible Items.
A: Many of us are careful to take every allowable tax deduction when we prepare our tax returns. It is easy to overlook even some of the most common deductions. If... Read More »
Source: www.ehow.com
Q: Are marketing expenses tax deductible items to a corporation.
A: Yes, in most situations. Read More »
Source: www.answers.com
Q: Tax deduction (itemized or standard) rules in Arizona?
A: State returns are based on the federal return and must be filed the same for status. You and your wife can only file married-Joint or Married-Filing separately ... Read More »
Source: answers.yahoo.com