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.
example suman moters of rs 10000 is write off then what is the entry
You can write off up to 3,000 per child for daycare expenses on your taxes.
No, you cannot write off gift cards on your taxes as they are considered a personal expense and not a deductible business expense.
Yes, you can typically write off gas as a business expense on your taxes if you use your vehicle for business purposes.
Yes, you can write off property taxes in California on your tax return as long as you itemize your deductions.
I assume you mean property taxes. Yes, you can claim an itemized deduction on Schedule A.
You can write off almost any donation on your taxes. Junk car donation is also something that you can write off.
example suman moters of rs 10000 is write off then what is the entry
You can write off up to 3,000 per child for daycare expenses on your taxes.
No
No, you cannot write off gift cards on your taxes as they are considered a personal expense and not a deductible business expense.
Yes, you can typically write off gas as a business expense on your taxes if you use your vehicle for business purposes.
Yes, you can write off property taxes in California on your tax return as long as you itemize your deductions.
No, you cannot write off discounts on your taxes. Discounts are not considered taxable income, so they cannot be deducted on your tax return.
No
Yes, you can potentially write off a business trip on your taxes if it is necessary for your work and meets certain criteria set by the IRS.
Yes, you can potentially write off daycare expenses on your taxes as a childcare tax credit or deduction, depending on your income and specific circumstances.