You can deduct gifts to a legitimate recognized charity and you can deduct gifts to a government agency. (You can even make tax deductible gifts to reduce the federal deficit.)
You cannot deduct gifts to a friend, family member, stranger you meet on the street, etc. Basically, if it's going to a specific person rather than a recognized and tax-exempt charity, it's not deductable (not only that, you might even owe additionaltaxes on the money you gave away, if you gave any one person more than $13,000).
However you may be able to get a deduction for housing a victim of certain designated disasters in your home.
Also, corporations are allowed to deduct the cost of gifts (up to $25 per recipient per year) given to clients.
No, but within certain limits you DON'T PAY gift tax.
They can deduct their expenses for uniforms, transportation, cleaners, boats and coats. They can also deduct their expenses they did during travels seeing patients for help provided. They can also deduct small tools they bought for their services and they can deduct meals and entertainment for work related. They can deduct mileage travels during work.
yes i would deduct money to my child.
no
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
No, but within certain limits you DON'T PAY gift tax.
No. Gifts to any of of the family members are not deductible on your income tax return.
Only if you're giving it to a bona fide charitable organization. You don't get to deduct gifts given to family or friends.
No deduction on your income tax return for gifts to anyone.
No deduction on your income tax return for the gifts to your parents.
The opposite of deduct is deposit.
Deduct is a verb.
The antonyms for deduct is to add, to increase, to raise.
They can deduct their expenses for uniforms, transportation, cleaners, boats and coats. They can also deduct their expenses they did during travels seeing patients for help provided. They can also deduct small tools they bought for their services and they can deduct meals and entertainment for work related. They can deduct mileage travels during work.
If you meant DEDUCT (as in subtract) then nobody can deduct you from an IP Address!!! If you meant DETECT (as in finding out) then yes, it can be done.
The noun forms of the verb to deduct are deduction and the gerund, deducting.
Yes, you can deduct agent fees when it comes to taxes. However, you can only deduct up to 15% of the overall agent fees.