0
No personal expenses are deductible on your tax returns. And in fact, even a business is highly restricted and cannot take a full expense on many meals it provides for employees.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How does a person deduct charitable donations on their income tax returns?
A person can deduct charitable donations on their income tax returns by writing a percentage to a charitable organization. Their income tax returns will be reduced when they get it.
Is sales tax deductible from 2007 tax returns?
Sales tax is deductible as an itemized deduction (Schedule A), however you can deduct EITHER: -Sales Tax Paid -State income taxes paid Obviously you would want to deduct whichever is higher. This deduction can be very beneficial to people living in states that do not have an income tax, such as Florida.
What can a registered nurse deduct on a tax return in AZ?
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.
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
What is tds in bank?
TDS Stands for Tax Deducted at Source. Banks usually deduct TDS when the interest they give to their customers against their deposits crosses a certain amount. The interest is considered an Income and has to be included in your net annual income while you file your income tax returns. If your interest is more than Rs. 10000 in a year, the bank themselves can deduct TDS and remit it to the Income Tax Department.
How does a person deduct charitable donations on their income tax returns?
A person can deduct charitable donations on their income tax returns by writing a percentage to a charitable organization. Their income tax returns will be reduced when they get it.
Can you write off a first mortgage on your tax returns?
No, but if you deduct you should be able to write off the interest on a mortgage loan. Contact a tax professional for details.
Is sales tax deductible from 2007 tax returns?
Sales tax is deductible as an itemized deduction (Schedule A), however you can deduct EITHER: -Sales Tax Paid -State income taxes paid Obviously you would want to deduct whichever is higher. This deduction can be very beneficial to people living in states that do not have an income tax, such as Florida.
What can a registered nurse deduct on a tax return in AZ?
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.
Can mortgage interest on second home be deducted on tax returns?
You may deduct your interest on your principle residence plus one other qualified residence.
Which tax forms are available to consumers through the TurboTax website?
The TurboTax website prepares all standard and complex forms for state and federal tax return, provided they are personal tax returns or business tax returns that are filed personally (e.g. meals for business are partially tax deductible if not reimbursed).
A server provided by e-government that requires access to the internet is?
E-tax returns
Can welfare deduct income tax refund?
no
Can I deduct the purchase of a used car?
Not unless you use the vehicle for business purposes. You may be able to deduct the sales tax if you itemize your tax return.
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
What is tds in bank?
TDS Stands for Tax Deducted at Source. Banks usually deduct TDS when the interest they give to their customers against their deposits crosses a certain amount. The interest is considered an Income and has to be included in your net annual income while you file your income tax returns. If your interest is more than Rs. 10000 in a year, the bank themselves can deduct TDS and remit it to the Income Tax Department.
What is better 3 percent loan where you cannot deduct interest for tax purposes or 5 percent loan where you can deduct interst from you income tax?
It simply depends on your own personal tax situation.
