Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Tax Deductions and other Taxes topics.
It is in your best interest to itemize your federal tax deductions and state tax deductions (if any) to net the largest tax cut you can. The IRS has a handful of publications that identify deductible items, including among others Publication 529, Miscellaneous Deductions; Publication 936, Home Mortgage Interest Deductions; Publication 502, Medical and Dental Expenses; and Publication 503, Child and Dependent Care Expenses. There are also publications devoted specifically to business tax deductions, including Publication 535, Business Expenses. For a complete list of forms and publications that address these and other topics regarding deductible items, visit the Topical Index to IRS Forms and Publications on the IRS' Web site.
Very helpful website, but not to see to find, even with multiple word searches. Thanks still.
What is it with taxes? It is all about money too much. All the gov. ever thinks about is Tax the people so we get MONEY, MONEY, MONEY!!!!!
This really opened my eyes thank u this is very helpful. Merci
My son is a full-time music student in college. I purchased a saxophone that he needed for school. Is it deductable?
|Jennifer Mathes, Ph.D.|