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That will depend. If you are employed by a college or university which expects you to wear academic regalia on certain occasions, and participation in these activities are considered part of your regular duties, yes it is probably a tax deductible business expense.
It is also possible that your employer would allow you to use faculty development funds to purchase academic regalia. This could be as advantageous, or moreso, than making a personal purchase and deducting it.
Some universities even subsidize regalia purchases -- it's worth asking.
What else can I help you with?
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.
Is donating blood tax deductible?
No, donating blood is not tax deductible.
Are gift cards tax deductible for a business?
No, gift cards are not tax deductible for a business.
Is property tax deductible in California?
Yes, property tax is deductible in California for state income tax purposes.
Are property taxes tax deductible in California?
Yes, property taxes are tax deductible in California.
How would one find out if their latest purchase of a refrigerator is tax deductible?
One would find out if their latest purchase of a refrigerator is tax deductible by checking with their accountant. If the fridge was purchased for business purposes it may be tax deductible.
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.
Is purchase of Boy Scout Popcorn tax deductible?
When you purchase something for charity the portion that goes to the charity is tax deductible and the value of the product received is not. In the case of Boy Scout popcorn 70% goes to the scouts.
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 pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
Are gift cards tax deductible for a business?
No, gift cards are not tax deductible for a business.
Is property tax deductible in California?
Yes, property tax is deductible in California for state income tax purposes.
Is depreciation tax deductible?
Not, depreciation is not deductible for tax purpose. Because it is not wholly exclusively in production
Where can I make a tax deductible car donation?
You can make a tax deductible car donation at donateacar.com
