0
School lunch money is generally not tax deductible for parents or guardians. The IRS does not allow deductions for meals provided to dependents at school, as these expenses are considered personal costs. However, if a parent pays for school lunches as part of a daycare service for a child under the age of 13, they may qualify for the Child and Dependent Care Credit. Always consult a tax professional for specific advice tailored to your situation.
What else can I help you with?
Are private school fees tax deductible in Australia?
In Australia, Private school fees are not tax deductible.
Are GMIB charges on your annuity tax deductible?
No GMIB charges on annuities are not tax deductible. However,a GMIB annuity is tax-deferred so the taxes will not be due on any money until after it is withdrawn.
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.
Are private school fees tax deductible in Australia?
In Australia, Private school fees are not tax deductible.
Is forfeited earnest money tax deductible?
No.
Are GMIB charges on your annuity tax deductible?
No GMIB charges on annuities are not tax deductible. However,a GMIB annuity is tax-deferred so the taxes will not be due on any money until after it is withdrawn.
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.
Are items donated to a high school tax deductible?
Generally yes presuming the school is part of the community/town and not a for profit entity. Deductible at their actual value.
Is the money used to open a family foundation tax deductible?
I think so.
Is donating blood tax deductible?
No, donating blood is not tax deductible.
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 daycare deductible as a tax expense?
Daycare expenses are generally not deductible as a tax expense, but there are some exceptions for certain situations, such as if the daycare is necessary for you to work or attend school. It's best to consult with a tax professional for specific advice on your situation.
Is day care tax deductible?
In general, day care expenses are tax deductible if they are necessary for you to work or attend school. You can claim a tax credit for a portion of the costs, but there are specific rules and limitations that apply. It's best to consult with a tax professional for personalized advice.
