Tax Deductible Tips

Submit Your Tip

Tax Deductible Tips – This is a place for the community to provide tips and advice on Tax Deductible Tips. This topic was created by Peter Macaulay and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - The Most Overlooked Tax Deductions

Published: 9 years, 5 month(s) ago | Submitted by Amy Mead | permalink

Here are 24 IRS-approved tax deductions you can\'t afford to miss out on.

For further reading: http://www.kiplinger.com/slideshow/taxes/T054-S001-the-most-overlooked-tax-deductions-slide-show/ ^[1]

Tip 2 - Are Meal Tips a Separate Tax Deduction for Businesses?

Published: 9 years, 5 month(s) ago | Submitted by Bruce Vaughn | permalink

Tips for servers or bartenders at a business meal are deductible, but there's no "tip expense" category on your tax return. Instead, you claim tips as part of your total meal expense. You ...

For further reading: http://smallbusiness.chron.com/meal-tips-separate-tax-deduction-businesses-64933.html ^[2]

Tip 3 - 10 Creative (But Legal) Tax Deductions

Published: 9 years, 5 month(s) ago | Submitted by R Todd | permalink

Tax time means it's time to see what you can write off to lower your tax bill. Check out 10 creative (but legal) tax deductions at HowStuffWorks.
Tags: taxes, tax deductions

For further reading: http://money.howstuffworks.com/personal-finance/personal-income-taxes/10-creative-but-legal-tax-deductions.htm ^[3]

Tip 4 - Don’t Miss These Home Tax Deductions

Published: 9 years, 5 month(s) ago | Submitted by jeff hood | permalink

Don’t miss these property tax deductions — especially if you’ve purchased a home or opened a mortgage this year. Learn about tax breaks owning a home gives you.
Tags: home tax deductions, second home tax deductions

For further reading: http://www.houselogic.com/home-advice/tax-deductions/home-tax-deductions/ ^[4]