Yes, you may be able to claim an education credit on Form 1040 or 1040A for the qualified tuition and related expenses that were actually paid in the past tax year. IRS Publication 970, Tax Benefits for Education, explains the applicable guidelines.
No. Nor is regular school. The costs of supporting your family (even say skiing school or tennis camp....or food) are not tax deductible....they are paid with after tax money.
There certain, fairly restricted provisions that allow for expenses for dependent care for qualifying children to allow work by their parents/guardians is allowed.
The easy to read Publication link below will provide more info:
http://www.irs.gov/publications/p503/ar02.html
No.
Because interest expense is deductible. Because interest expense is deductible.
It depends. If your car tags are an ad valorem tax, that is, the cost is based on the value of your car, then that cost is a deductible personal property tax. If all passenger cars pay the same flat fee for tags, then no, the cost is a fee, not a tax, and is not deductible.
The cost of having your tax forms prepared is tax deductible on line 22 of schedule A, only to the extent that it and other un-reimbursed expenses exceed 2% of your adjusted gross income.
Because interest is a tax-deductible expense for the firm, but dividends paid to shareholders are not.
Simple answer is interst is tax deductible.
Yes. Health insurance premiums are tax deductible to an individual under IRC Section 213(d).
Cost of Goods Sold. If I'm manufacturing a product, this cost is entirely tax deductible and so must be tracked and documented.
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
"http://wiki.answers.com/Q/As_marginal_tax_rates_increase_the_after-tax_cost_of_a_non-deductible_expense_will"
No. Personal expenses would not be deductible on your income tax return.
Yes. Tax Preparation does lies under business investment thus, is tax deductible.
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.