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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.
How can I write off investment losses on my taxes?
You can write off investment losses on your taxes by using them to offset any capital gains you may have. If your losses exceed your gains, you can deduct up to 3,000 of the remaining losses against your other income. Any excess losses can be carried forward to future years.
Can I deduct state taxes from my federal taxes?
Yes, you can deduct state taxes from your federal taxes if you itemize your deductions on your federal tax return.
Can I deduct groceries on my taxes?
No, you generally cannot deduct groceries on your taxes as they are considered personal expenses and not tax-deductible.
Can some stock losses be deducted from income taxes?
Yes, some stock losses can be deducted from income taxes in the United States. If you sell stocks at a loss, you can use those losses to offset capital gains from other investments. If your total net capital loss exceeds your capital gains, you can deduct up to $3,000 ($1,500 if married filing separately) from your ordinary income. Any remaining losses can be carried forward to future tax years.
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.
How can I write off investment losses on my taxes?
You can write off investment losses on your taxes by using them to offset any capital gains you may have. If your losses exceed your gains, you can deduct up to 3,000 of the remaining losses against your other income. Any excess losses can be carried forward to future years.
Can I deduct state taxes from my federal taxes?
Yes, you can deduct state taxes from your federal taxes if you itemize your deductions on your federal tax return.
Can I deduct the price of my property rental from my taxes?
If you are the one renting the property you can not deduct this from your taxes. If you are the landlord you can receive a deduction on your taxes for owning the property.
Can I deduct groceries on my taxes?
No, you generally cannot deduct groceries on your taxes as they are considered personal expenses and not tax-deductible.
Can you deduct charitable contributions in 2022 on your taxes?
Yes, you can deduct charitable contributions on your taxes in 2022 if you itemize your deductions.
Can you deduct property taxes in California on your tax return?
Yes, you can deduct property taxes in California on your tax return.
Do I need to file Schedule D for my taxes?
You need to file Schedule D with your taxes if you have capital gains or losses from selling investments like stocks or real estate.
Can you deduct payroll taxes?
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
Can you deduct house insurance from your taxes?
No.
