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Which college expenses are tax deductible?
There are a few college expenses that are tax deductible. Tuition up to $4,000 can be deducted. Speak with an accountant for more details.
Are donations to People to People Ambassador Program tax deductible?
I wrote to P2P with this exact question and received the following answer on Nov. 17, 2009 from their Delegate Relations Coordinator: People to People International, a private sector, nonprofit 501)3 organization originally founded by President Eisenhower. As the travel-coordinating arm of People to People, Ambassador Programs, Inc., is a for-profit organization which provides organizational and logistical support for People to People's non-profit mission. Program tuition or gift donations earmarked and applied toward a student's tuition are NOT tax deductible. IRS regulations state that if the beneficiary of a donation is an individual, the contribution is a non-tax deductible gift. Please keep in mind that we are not tax advisors. You may wish to consult a tax advisor in your area for verification. I would like to add, as a People to People Ambassador Programs, Delegate Relations Coordinator and fundraising blog writer - That it is still possible to ask for contributions and do fundraising.
Are HSA contributions tax deductible?
They are excluded form taxable income calculations. That is one of the benefits of the program.
What can you tell me about a Roth IRA tax deductible?
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.
Is tax preparation tax deductible?
Yes. Tax Preparation does lies under business investment thus, is tax deductible.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
Is depreciation tax deductible?
Not, depreciation is not deductible for tax purpose. Because it is not wholly exclusively in production
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
Are the costs of tax preparation tax deductible?
No, they are not.
