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What is expenditures are deductible by a homeowner for tax purpose?
Wiki User
∙ 12y ago
On your personal residence (as opposed to an investment property). Not much. Interest (that qualifies under other requirements) on the mortgage. The property tax generally. That's about it. NO maintenace or improvements, etc are allowed.
Wiki User
∙ 12y ago
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Why it is important to distinguish capital expenditures from revenue expenditures for tax purpose?
Because it is important. Capital expenditure = non-deductible Revenue expenditure = deductible
Are swimming fee tax deductible?
No they are not. They are recreational expenditures.
Are Association Fees Tax Deductible?
Homeowner association fees are NOT deductible on the individual taxpayers 1040 income tax return.
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 depreciation tax deductible?
Not, depreciation is not deductible for tax purpose. Because it is not wholly exclusively in production
Are homeowner association dues tax deductible?
Your answer may depend on your use of the real estate asset. Your tax advisor can answer your question specifically.
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.
Does traveling for business count as a tax detectable?
Most of the times travelling on Business purpose is considered as tax deductible. IRS has real good information about what can be reimbursed while on travel for business purpose.
Is pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
Where can I make a tax deductible car donation?
You can make a tax deductible car donation at donateacar.com
