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That will depend. If you are employed by a college or university which expects you to wear academic regalia on certain occasions, and participation in these activities are considered part of your regular duties, yes it is probably a tax deductible business expense.
It is also possible that your employer would allow you to use faculty development funds to purchase academic regalia. This could be as advantageous, or moreso, than making a personal purchase and deducting it.
Some universities even subsidize regalia purchases -- it's worth asking.
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Can a credit card loan spent to purchase a home be tax deductible?
No. Money, borrowed or not, to purchase a home is not tax deductible...the interest on the mortgage secured to the property may be.
What type of loans are tax deductible?
Mortgages and Student loans are the only types of loans that are tax deductible.
Are home repairs tax deductible?
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Is a loan tax deductible?
ya
Is home equity tax-deductible?
The equity in your home is not a tax deduction. The interest paid to banks for a home equity line of credit or loan may be tax deductible.
How would one find out if their latest purchase of a refrigerator is tax deductible?
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Can a credit card loan spent to purchase a home be tax deductible?
No. Money, borrowed or not, to purchase a home is not tax deductible...the interest on the mortgage secured to the property may be.
Is purchase of Boy Scout Popcorn tax deductible?
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What can you tell me about a Roth IRA tax deductible?
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Is pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
Is purchase of boy scout bags of mulch tax deductible?
Only the amount paid above the market value of the mulch is tax deductible. Example, if Scouts is selling it for $15 and Home Depot has it for $10 then you can deduct the $5 diferance from your income.
Is depreciation tax deductible?
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Where can I make a tax deductible car donation?
You can make a tax deductible car donation at donateacar.com
What kind of insurance is tax deductible?
Insurance for one's personal property such as auto or homeowner's insurance is tax deductible. Other tax deductible insurances are medical and dental insurances.
Is gas tax deductible on income tax?
no
