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.
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.
Traveling to and from work can get complicated with the tax code; here MainStreet breaks it down for you.
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.
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.
If you shelled out money to your accountant or tax preparer, here's what you can deduct.
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.
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.
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.
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.
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