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Yes, you can deduct legal fees on your taxes if they are related to producing or collecting taxable income, managing, conserving, or maintaining property held for producing income, or determining, collecting, or refunding any tax.

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5mo ago

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Can you deduct lawyer fees on your taxes?

In general, you can deduct lawyer fees on your taxes if they are related to certain types of expenses, such as business or investment activities. However, personal legal fees are usually not deductible. It's important to consult with a tax professional for specific guidance on deducting lawyer fees on your taxes.


What expenses can you deduct on your taxes when selling a house?

When selling a house, you can potentially deduct expenses such as real estate agent commissions, legal fees, and certain home improvement costs from your taxes.


Can I deduct lawyer fees on my taxes?

Yes, you can deduct lawyer fees on your taxes if they are related to certain types of expenses, such as those incurred for business purposes or to produce taxable income. However, personal legal fees are generally not deductible. It's recommended to consult with a tax professional for specific advice on deducting lawyer fees on your taxes.


Can you deduct agent fees?

Yes, you can deduct agent fees when it comes to taxes. However, you can only deduct up to 15% of the overall agent fees.


Is it possible to write off lawyer fees on your taxes?

Yes, it is possible to deduct lawyer fees on your taxes under certain circumstances, such as if they are related to business expenses or for the production of taxable income. However, personal legal fees are generally not deductible.


Can you deduct legal expenses from your taxes?

Yes, you can deduct certain legal expenses from your taxes, such as those related to business activities or the production of income. However, personal legal expenses are generally not deductible.


Can I deduct lawyer fees from my taxes?

In general, you cannot deduct lawyer fees from your taxes unless they are related to certain types of expenses, such as business or investment activities. It's best to consult with a tax professional for specific advice on your situation.


Is it legal for an employer not to deduct or pay social security taxes from their employee wages?

No.


Are web hosting fees tax deductible?

yes, you can deduct your web hosting fees from your taxes, along with other things that typically accompany running an online business


Can I deduct points on a refinance from my taxes?

No, you cannot deduct points on a refinance from your taxes.


Can I deduct travel to and from work on my taxes?

No, you cannot deduct travel to and from work on your taxes.


Can I deduct losses on stocks from my taxes?

Yes, you can deduct losses on stocks from your taxes, but there are limits on how much you can deduct in a given year.