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Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
Depreciation a source of cash inflow because?
it is a tax- deductible noncash expense
Im a hairdresser commission paid by my employer but they take a product charge off my earnings to cover the costs of hair color is this a tax deductible business expense for me?
Yes, hair color can be counted as a tax deductible business expense.
When did advertising costs become tax deductible?
When they became a ordinary and necessary expense of the business operation.
Why is interest expense said to cost the firm substantially less than the actual expense while dividends cost it 100 percent of the outlay?
Due to the after tax cost of a tax-deductible expense can be computed as the actual expense times one minus the tax rate, because a dividend on common stock is not tax-deductible, we say it cost 100 percent of the amount paid. Shannon Coffey Wayne, MI
Is acupuncture fees a deductible medical expense?
Yes, to the degree your medical expenses are deductible
Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
Can you deduct private mortgage insurance?
PMI is not a deductible expense.
Are The Cost Related To Invoice Factoring Deductible?
Yes, the cost related to invoice factoring is deductible as a business expense.
Why is the after-tax cost of debt rather than the before-tax cost used to calculate the weighted average cost of capital?
Because interest expense is deductible. Because interest expense is deductible.
Depreciation a source of cash inflow because?
it is a tax- deductible noncash expense
Can insurance co-pay be tax deductible?
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.
Im a hairdresser commission paid by my employer but they take a product charge off my earnings to cover the costs of hair color is this a tax deductible business expense for me?
Yes, hair color can be counted as a tax deductible business expense.
Is there a deductible on comprehensive coverage auto insurance?
Usually there is a deductible on comprehensive coverage auto insurance. The deductible can range in different amounts usually from 0 to $1000 or even higher if it is a very expense vehicle.
Are glasses tax deductible?
Medical expenses are deductible to the extent that they exceed 7.5% of your adjusted gross income. The cost of prescription eyeglasses is a qualified medical expense.
Are automobile lease payments tax deductible?
Not on personal leases, sometimes on business leases (as an expense).
When did advertising costs become tax deductible?
When they became a ordinary and necessary expense of the business operation.
