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Results tagged with tax-deduction
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user 2885
A tax deduction is a deduction that lowers a person’s tax liability by lowering his taxable income. Deductions are typically expenses that the taxpayer incurs during the year that can be applied against or subtracted from his gross income in order to figure out how much tax is owed.
3
votes
What portion of my rowing club membership fee is tax-deductible?
The most likely answer in NONE. The rowing club is for all intents and purposes a social organization.
I belong to the local Elks lodge and used to belong to the local YMCA. The dues for neither was …
- 261
6
votes
Raised 100k on a gofund.me campaign to teach a hands on electronics repair workshop for the ...
Go see an accountant.
Not an income tax service, not your buddy who does taxes on the side, an honest-to-goodness CPA who works for small businesses.
There are too many unknowns to get a useful an …
- 261