FAQs tagged as

Tax Deduction

  1. Do tax liabilities appear in the financial statements?

  2. What deductions, credits and exemptions depend on gross income calculations?

  3. Can you write variable costs off your taxes?

  4. What are the best ways to lower my taxable income?

  5. What is the difference between gross income and earned income?

  6. What are the differences among gross income, adjusted gross income and modified adjusted ...

  7. What is the difference between gross income and taxable income?

  8. What's the difference between cost of goods sold (COGS) and cost of sales?

  9. What are examples of cost of goods sold (COGS) for businesses that sell through eBay ...

  10. What are some examples of industries that cannot claim cost of goods sold (COGS)?

  11. How much will it cost to hire an accountant to do my taxes?

  12. Is the interest on a home equity line of credit (HELOC) tax deductible?

  13. Are debt-consolidation loans tax deductible?

  14. What credit card fees are tax deductible?

  15. Is the interest on my student loan tax deductible on my federal income taxes?

  16. Are fringe benefits deductible for the employer?

  17. Are Roth IRAs tax deductible?

  18. How are Simplified Employee Pension (SEP) IRAs taxed?

  19. How does taxation on life insurance for a qualified retirement plan work?

  20. How do I report Simple IRA contributions on a W2?

  21. Is a Simplified Employee Pension (SEP) IRA tax deductible?

  22. What are the contribution limits of a 401(k) vs. a Roth 401(k)?

  23. Can I donate stock to charity?

  24. Can high-income earners deduct yearly defined-benefit plan contributions of over ...

  25. When would I need to use IRS Form 1040X when filing my tax return?

  26. How do I know whether to itemize deductions or take the standard deduction?

  27. How can I fund A Roth IRA if my income is too high to make direct contributions?

  28. What is a "wash sale"?

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