APRIL 15th - Name those Deductions and Credits!
#1
Карты убийцы
Thread Starter
APRIL 15th - Name those Deductions and Credits!
Without risking an audit, what are some of the more atypical deductions and credits have you filed on you income tax report?
I got a $1200 credit for putting on a new roof this past year.
I wish a could deduct donations to public education in the form of losing SC Educational Lottery tickets...
I got a $1200 credit for putting on a new roof this past year.
I wish a could deduct donations to public education in the form of losing SC Educational Lottery tickets...
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#2
Registered but harmless
Join Date: Aug 2005
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Just itemized business deductions here, but even that boosts the audit risk.
Some stuff is normal, like personal car use, but some deductions are more rare-- work shoes, dry cleaning/laundry for suits and button down shirts (which I don't wear outside of work), office equipment and supplies used at home for work purposes, etc.
Some stuff is normal, like personal car use, but some deductions are more rare-- work shoes, dry cleaning/laundry for suits and button down shirts (which I don't wear outside of work), office equipment and supplies used at home for work purposes, etc.
#3
Team Owner
Is your roof certified energy star? Not every roof qualifies. I found that out after I put the roof on.
![Why Me](https://acurazine.com/forums/images/smilies/whyme.gif)
#4
Team Owner
New car tax credit.
High Efficiency Furnace credit.
My wife screwed up her withholding again and once again I still owe, but only half as much as last year.
High Efficiency Furnace credit.
My wife screwed up her withholding again and once again I still owe, but only half as much as last year.
#5
Earth-bound misfit
Nothing really atypical. I claim my student loan interest. The past couple of years my salary has been too high to capitalize on it much, but this year I should get more out of it.
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