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No. Personal expenses would not be deductible on your income tax return.
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∙ 13y ago
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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 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.
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Can you deduct life insurance premiums on taxes?
No
Is there a you break it you bought it law?
No. Stores assume the risk of such things and are allowed to deduct the cost of such breakage from their taxes.
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 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.
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Can you deduct life insurance premiums on taxes?
No
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
Who can you claim on taxes?
You can often times deduct the cost of hiring a tax professional to do your taxes in the following year. Given the generic nature of your question, I'd strongly suggest doing just that.
Can you deduct the interest paid on state taxes on your federal income taxes?
yes
Can I deduct my auto donation to charity on my taxes?
Yes, the IRS allows you to deduct your vehicle donation from your taxes. Visit IRS.gov for any forms you may need.
Why is it important to keep records and recipts for expenses you plan to deduct on your taxes?
Since taxes are a very complicated thing, one must keep all records and receipts if they plan to deduct them on their taxes. These are kept as a record so that if a person is audited, then the person has proof of what they are trying to deduct.
Can you deduct money given to your child as a gift on your Federal taxes?
yes i would deduct money to my child.
