April means two things: rain and taxes. Here are some of the weirdest tax write-offs filers can claim.
Search for Seven Tax Write-offs That Are Almost Too Bizarre To Believe on Bing
KERI BLAKINGER, New York Daily News
Fri, 04/15/2016 - 7:16am
Topics: tax write-offs
BING NEWS:
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On Wednesday, the Biden administration took the furthest step towards legalizing weed since it was first criminalized, announcing it would reclassify marijuana from its current status as a Schedule I ...
05/3/2024 - 10:35 pm | View Link - Sports Team Owners Face New Scrutiny From IRS Over Tax Avoidance
The IRS has launched a campaign to examine whether wealthy taxpayers are violating the law when using their ownership of sports teams to save large amounts in taxes.
05/3/2024 - 7:30 pm | View Link - Marijuana rescheduling will make pot businesses 'significantly more profitable'
It's not federal legalization or even decriminalization, but it does allow state-sanctioned cannabis businesses to take advantage of normal tax write-offs, saving tens or hundreds of thousands ...
05/1/2024 - 4:53 am | View Link - Paramount Global Takes $1.3 Billion Charge in Q1 for Content Write-Offs, Layoffs
Amid Paramount Global’s CEO shakeup, the media conglomerate reported a $1.3 billion charge for content write-offs and layoffs in Q1 2024.
04/30/2024 - 2:29 am | View Link - HILL TAX BRIEF: Art Tax Write-offs Get Boosted IRS Scrutiny
The IRS is putting art write-offs under the microscope in its growing enforcement efforts to rein in tax schemes.
04/21/2024 - 11:03 pm | 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.
05/4/2024 - 2:12 am | View Website - Write-Offs: Understanding Different Types To Save on Taxes
What Is a Tax Write-Off? The Internal Revenue Service (IRS) allows individuals to claim a standard deduction on their income tax return and also itemize deductions if they exceed that level.
05/3/2024 - 12:07 pm | View Website - 15 Common Tax Write-Offs You Can Claim On Your Next Return
You may be able to claim the following 15 common write-offs, which include both tax credits and deductions. Additionally, you m
05/3/2024 - 4:00 am | View Website - Most-Overlooked Tax Deductions and Credits | Kiplinger
For 2023, taxpayers can write off up to $10,000 ($5,000 if married and filing separately) of eligible taxes paid, which may include the following: State income taxes or state and local...
05/2/2024 - 12:23 pm | View Website - Tax Write Offs & Deductions Explained
What are some common tax write-offs? While everyone will not qualify for every tax write-off, here is a list of some common tax write-offs: Standard deduction: A standard deduction is a deduction that is a specific dollar amount that reduces your taxable income. For tax year 2023, the standard deduction is $13,850 single and $27,700 married ...
05/1/2024 - 8:02 pm | View Website - More
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