Many employees and business people spend money on continuing education for work, career, pleasure or a mix of factors.?? A surprising amount can be deducted on your taxes, as I noted here. ??The biggest restriction on deducting education expenses is that it can't qualify you for a new job or career.??
BING NEWS:
- Tax breaks for child care facilities to be on August ballot in Missouri
Gov. Mike Parson placed a plan approved by the Legislature to allow child care establishments to be exempt from property taxes on the Aug. 6 primary election ballot.
05/28/2024 - 10:47 am | View Link - The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims
The IRS's probe into the abuse of a Puerto Rican tax benefit has made little progress, a whistleblower said. In a letter reviewed by The New York Times, the insider says that less than 1% of ...
05/28/2024 - 7:58 am | View Link - Sunak insists he has not given up on young voters amid pensioner tax breaks
R ishi Sunak has insisted he has not given up on winning young people’s votes after he was quizzed about the contrast between his election offer for pensioners and youngsters.
05/28/2024 - 5:49 am | View Link - ‘It breaks an employer’s control’: the tragic disappearance of the American lunch hour
Americans are spending less on weekday lunches, opting instead to save for weekends. Is a once-cherished meal in its death throes?
05/28/2024 - 1:00 am | View Link - May 28: Sunak defends national service; Tax breaks for pensioners; Musk’s AI
Sunak says national service plan is ‘right thing to do’ amid backlash Rishi Sunak defended his 'bold' plan to bring back a form of compulsory national ...
05/28/2024 - 12:00 am | View Link - More
- Credits and deductions for individuals | Internal Revenue Service
A credit is an amount you subtract from the tax you owe. This can lower your tax payment or increase your refund. Some credits are refundable — they can give you money back even if you don't owe any tax. To claim credits, answer questions in your tax filing software.
05/24/2024 - 7:46 am | View Link - Tax credits and deductions for individuals
Tax Tip 2024-01, Jan. 4, 2024 — Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility.
05/23/2024 - 11:18 pm | View Link - 22 Popular Tax Deductions and Tax Breaks for 2023-2024
22 popular tax deductions and tax breaks. Federal income tax returns for the 2023 tax year were due by April 15, 2024. If you secured a tax extension or are filing late, here are some of the most...
05/23/2024 - 9:59 pm | View Link - What Are Tax Deductions? A 101 Guide
Tax deductions are essentially items or costs the IRS allows to reduce your taxable income on your tax return. Put simply, tax deductions lower the amount of money you must pay taxes on.A tax deduction is also referred to as a tax write-off. This is because you can “write off” or subtract these amounts from your personal taxable income.
05/23/2024 - 4:58 pm | View Link - What Are Tax Breaks?
When the government offers you a tax break, it means you’re getting a reduction in your taxes. A tax break can come in a variety of forms, such as claiming deductions or excluding income from your tax return.
05/23/2024 - 8:59 am | View Link - More
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