Robert Flach

Recent Articles By The Author

Deduct Investment Expenses

Deduct Investment Expenses

You can deduct as a Miscellaneous Expense, subject to the 2% of AGI exclusion, ordinary and necessary expenses incurred for the production, collection and protection of income.

Deduct Job-Seeking Expenses on Your Taxes

Deduct Job-Seeking Expenses on Your Taxes

Were you looking for work last year? You can deduct your out of pocket expenses to look for a job in your current line of work as a Miscellaneous Expense on Schedule A, subject to the 2% of AGI exclusion.

Don't Deduct Commuting: It's a Tax Red Flag

Don't Deduct Commuting: It's a Tax Red Flag

Traveling to and from work can get complicated with the tax code; here MainStreet breaks it down for you.

How to Deduct Auto Expenses on Your Taxes

How to Deduct Auto Expenses on Your Taxes

You have two options for claiming a deduction for using your car for business. The simplest way is to use the "standard mileage allowance," which is 56.5 cents per mile for 2013. But there's another option.

Tax Brief: Deduct Job Expenses

Tax Brief: Deduct Job Expenses

You can deduct as a Miscellaneous Expense on Schedule A, subject to the 2% of Adjusted Gross Income exclusion, "ordinary and necessary" expenses required to carry out the job for which you were hired and for which you have not been reimbursed.

Don't Forget the Obvious on Your Taxes: Deduct Tax Preparation Fees

Don't Forget the Obvious on Your Taxes: Deduct Tax Preparation Fees

If you shelled out money to your accountant or tax preparer, here's what you can deduct.

Deduct Volunteer Expenses

Deduct Volunteer Expenses

Do you do volunteer work for your church or a local charity? You cannot deduct the value of your time or services, but you can deduct as a Contribution on Schedule A any out of pocket expenses you may incur while doing volunteer work.

How to Deduct Your Car Donation

How to Deduct Your Car Donation

The rules are different for donating a vehicle to charity. The amount of your deduction will depend on what the charity does with your car.

Deducting Non-Cash Contributions

Deducting Non-Cash Contributions

Did you finally clean out your attic, basement, closet, or garage last year and donate your unwanted "stuff" to Goodwill, the Salvation Army, or your church rummage sale? You deduct the "fair market value" of your donations.

Deducting Charitable Contributions the Right Way

Deducting Charitable Contributions the Right Way

If you donate to a church or charity the amount you can deduct as a contribution on Schedule A must be reduced by any goods or services you receive in exchange for the donation.