Tag Archives: Tax Deduction

Burn It Down

Growth is usually followed by decay; life is followed by death, and here is another case where fire follows construction. Some Taxpayers have donated their house to the fire department so that the fire department can practice their skills and … Continue reading

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Homeless Cats

Your local cat lady may actually not be as crazy as you think. In 2011, Jan Van Dusen beat the IRS in a case over whether she could claim a deduction for providing foster care for stray and feral cats. … Continue reading

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Dancing with the IRS

Celebrities often use Dancing with the Stars to rehab their image, but the IRS doesn’t allow dancing as an expense to rehab your wallet at tax time. The IRS has consistently rules that taxpayers may not deduct dancing lessons as … Continue reading

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Tax Tips for Hobbies

Many people think that income earned from a hobby does not need to be reported on your tax return. Here are four tax tips you should know about hobbies: 1. Determine if your hobby is a hobby or business. IRS … Continue reading

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Seven Important Tax Facts about Medical and Dental Expenses

If you paid for medical or dental expenses in 2012, you may be able to get a tax deduction for costs not covered by insurance. The IRS wants you to know these seven facts about claiming the medical and dental … Continue reading

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