No, and neither is the interest. It makes no difference what steps or methods of collection were used to get you to pay. If anything, actions done under legal persuasion are LESS tax deductible as the payor should get no benefit from what the courts had to impose. That would be against the public good.
If you are referring to a MEDICAL/HOSPITALIZATION insurance co-pay, yes, that is deductible as a medical expense. And on property/casualty insurance, it may be deductible as a casualty loss.
No unless its associated with some charity, you will be liable to pay the taxes.
If you were to take out a home equity loan and pay for the mortgage recording tax, it would be deductible and the IT-256 form must be used to claim it.
If you charge tax on the products/services you sell, the customer pays the sales tax and the business passes the tax onto the state/municipality. If the business buys supplies for use in the business (and not for resale) you will pay sales tax and the entire cost of the supplies will be deductible to the business. If you buy the same supplies from out of state and do not pay Nebraska sales tax, you should pay Nebraska use tax and that amount is also deductible to the business. If the business buys supplies that go into making a product for resale, you should not pay sales tax on the purchase of those supplies.
When you live in a condominium, you pay assessments which your board budgets each year to pay operational expenses for the community. These expenses are not typically tax deductible by an owner who occupies a unit. In your state, in your tax situation, best practices dictate that you consult with your tax attorney to identify whether or not assessments are deductible from your tax bill. Optional fees, such as amenities-use fees may be treated differently by your tax adviser in your situation, especially if you pay the fees for the benefit of a tenant and your condominium is an investment and not your home.
Absolutely not. Bankruptcy payments are repayments for debts that you incurred in the past and did not pay. There is no circumstances where these could be deductible on your income taxes.
Benefits principle and Ability to pay principle.
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.
I can't think of any way that paying the small amount that you pay to stay at a Ronald McDonald house would ever be tax deductible. Sorry.
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.
Household bills are not tax deductible.