FAQs tagged as

Tax Deduction

  1. Is dental insurance tax deductible?

  2. Are personal loans tax deductible?

  3. Are Flexible Spending Account (FSA) contributions tax deductible?

  4. Do Flexible Spending Accounts (FSAs) expire?

  5. Do 401k contributions reduce AGI and/or MAGI?

  6. Is homeowners’ insurance tax deductible?

  7. How long do I need to keep income tax records?

  8. What are the best free online calculators for calculating my taxable income?

  9. In what instances does overhead qualify for certain tax allowances?

  10. Is there a situation in which wash trading is legal?

  11. How are write-offs recorded on my tax return?

  12. How is the deductible I paid for my insurance claim treated for tax purposes?

  13. How can I tell which of my business expenses count as write-offs?

  14. Where on my 1040 form do I report AGI (adjusted gross income)?

  15. What are the deductions taken to determine AGI (adjusted gross income)?

  16. Can I get a tax credit from conducting research and development?

  17. How does a qualifying widow obtain widow's allowance?

  18. What are the advantages and disadvantages of capitalizing interest for tax purposes?

  19. How can I find out which income tax bracket I am in?

  20. What are the risks involved in a banker's acceptance?

  21. How does a master limited partnership (MLP) differ from other business structures?

  22. What is the difference between MAGI (modified adjusted gross income) and adjusted ...

  23. What is the difference between a regressive tax versus a progressive tax?

  24. Are gross sales and taxable gross sales the same thing?

  25. What are the advantages to structuring a business as a master limited partnership ...

  26. How is salvage value used in depreciation calculations?

  27. What are some ways to minimize tax liability?

  28. Do tax liabilities appear in the financial statements?

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

  30. Can you write variable costs off your taxes?

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

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

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

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

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

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

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

  38. Are debt-consolidation loans tax deductible?

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

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

  41. What credit card fees are tax deductible?

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

  43. Are fringe benefits deductible for the employer?

  44. Are Roth IRAs tax deductible?

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

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

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

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

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

  50. Can I donate stock to charity?

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

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

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

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

  55. What is a "wash sale"?

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