Is It Deductible?
Test your knowledge of these possible tax deductions.
You've decided to host a foreign-exchange student for a semester at the local college. Lucky for you, there's a tax deduction to help offset the added expenses.
- True
- False
You're job hunting and decide to hire a resume writer. You are told the cost qualifies as a tax-deductible job-hunting expense.
- True
- False
You're volunteering your services to a non-profit community home-builder. Nice tax deduction, right?
- True
- False
Alimony is tax deductible.
- True
- False
Court-ordered child care support payments are deductible, too.
- True
- False
That Energy Star logo on your sparkling new appliances qualifies you for an energy-saving tax credit.
- Yes
- No
You've bought a new home. But the previous owner has disclosed the presence of lead-based paint. No problem, you figure. You can get a tax deduction to remove the lead-based paint and replace with new paint.
- True
- False
To save money, you order your prescription drugs from a Canadian pharmacy online. The drug costs are deductible, right, just like purchases of drugs in the U.S.?
- True
- False
You accept a new job that requires you to move across the state. But you can't write-off your moving costs because you don't itemize.
- True
- False
Your attic catches fire during a lightening storm, but your insurance company covers only half the damage -- at least you write off some of the uncovered damages on your federal tax return.
- Yes
- No
Recent Comments
BlackleoJB 08:00:09 PM Feb 17 2009
It is out of service til tax season is over ... figures ... they thought it was great at first but then they figured that we can actually get the answers and get more money back ... apparently they don't want that!
SGNoraa47 07:24:55 PM Jan 23 2009
"The middle East stated.." Wasnt aware a REGION could talk...or agree on anything actually. The pali-israeli conflict has been going on since 1947 (since the world got together, decided the jews should have israel and kicked the palestinians out-we didnt even make sure they were safe, we armed the israelis and let em go force em out an kill many. look up El amein). We buy a ton of oil from arabs. Clinton was friendly to em. Bush 1 (gulf war?). Reagan. Carter. the list goes onDo you realize how insanely ignorant you sound blaming everything you can on Bush? Bush isnt as dirty as most of the guys dems have in congress right now, much less some of their past pres (Clinton was awful friendly with china and sold em all kinda of stuff. rocket technology being the most damaging). I say we put everyone on trial. obama, bush, pelosi, reid, franks. then i could sit back and laugh at the dumb ass look on your face when you realize who youre carrying a flag for.
Csf444 04:49:38 AM Dec 05 2008
BACK IN THE FIRST BUSH ADMIN THE MIDDLE EAST STATED - THE ONLY WAY TO BRING DOWN THE UNITED STATES FROM BEING THE WORLD SUPER POWER WAS OUR WALLETS . BUT THE BUSH FAMILY HAS BEEN IN BED WITH THE ARAB'S AND NOBODY WAS LISTENING ---HMMMMMMMMM- THINK ABOUT THAT ONE.
Joannecicero 11:25:45 PM Sep 07 2008
I'm really tired right and I don't give a rat' ass right now., so i will vote for the encumbant till i find out who he will support in the upcoming elections as well as..........
CONCHUSNES 01:37:42 PM Jul 24 2008
How can people actually believe Obama or McCain? You think either of these guys is any different than Bush? What do these three guys have in common? They are all expert liars. Their job is to look into your eyes and lie to you with a straight face. Americans fall for this every four years. Show me a President in the past 40 years, who hasn't lied to the American people. You really think Obama will be any different? hahahahahahaha!!!! Amazing how history repeats itself every four years.
Taxes: Basics
Anyone seeking help with taxes should start with the fundamentals. Here are the basics of taxes.
- Who Must File a Return
- Audits & Penalties
- Taxes on Capital Gains
- Withholding Your Taxes
- Common Tax Credits
- Personal Exemptions
- All About AMT Tax
- Calculate Taxable Income
- Itemizing Deductions
- Filing a Return Online
- 2007 Tax Brackets
- 2008 Tax Brackets
- Standard Deductions
- How to File an Extension
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Free Electronic Filing & Tax ToolsTaxes: Basics
Anyone seeking help with taxes should start with the fundamentals. Here are the basics of taxes.
- Who Must File a Return
- Audits & Penalties
- Taxes on Capital Gains
- Withholding Your Taxes
- Common Tax Credits
- Personal Exemptions
- All About AMT Tax
- Calculate Taxable Income
- Itemizing Deductions
- Filing a Return Online
- 2007 Tax Brackets
- 2008 Tax Brackets
- Standard Deductions
- How to File an Extension
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