Can I Deduct Maintenance Fees For My Portfolio? If your expenses are less than your net investment income, the entire investment interest expense is deductible. If the interest expenses are more than the net investment income, you can deduct the expenses up to the net investment income amount. The rest of the expenses are carried
Can Travel Prize Be Tax Deduxtible? Every award ticket comes with associated fees and taxes. Those can be deducted if you booked the trip for legitimate business purposes; your fare is merely much lower than it would normally be. Can you claim travel sports on taxes? Fees, equipment, travel and sports-related medical bills are all
Can Travel Agents Deduct Travel? Most independent travel agents reveal their passion for travel through their adventures around the globe. One huge benefit of being an independent travel agent, among many others, is that you can deduct your own travel as a business expense, including: Transportation. What is the travel tax credit for 2020? The
Does Alabama Allow Health Insurance Deduction? (a) In addition to all other previously allowed deductions, a qualifying employee may deduct, as an adjustment to income on the employee’s Alabama individual income tax return, an amount equal to 50% of the amount paid during the tax year as health insurance premiums. Can I deduct health insurance
Are Auction Purchases Tax Deductible? Are auction purchases tax deductible? Donors who purchase items at a charity auction may claim a charitable contribution deduction for the excess of the purchase price paid for an item over its fair market value. The donor must be able to show, however, that he or she knew that the
Can I Deduct Both SEP And Traditional IRA Contributions? Can I deduct both SEP and traditional IRA contributions? You can both receive employer contributions to a SEP-IRA and make regular, annual contributions to a traditional or Roth IRA. Employer contributions made under a SEP plan do not affect the amount you can contribute to an
Can Auditors Write Off Travel Expenses For Work? Work-related travel expenses are deductible, as long as you incurred the costs for a taxi, plane, train or car while working away from home on an assignment that lasts one year or less. You can also deduct the cost of laundry, meals, baggage, telephone expenses and tips