Start For Free

Fast, Secure, and Always Accurate!
Help Categories

I used my car for my job. What type of mileage can I deduct?

. * The travel is to a temporary work location outside the metropolitan area where you live and normally work. * Your home is your principal place of business under section 280A(c)(1)(A) (for purposes of deducting expenses for business use of your home

Unreimbursed Employee Expenses - What CANNOT be deducted?

If you paid for expenses related to your job during the tax year, many of these expenses may be eligible to be deducted on your return. For you to be able to deduct the expense, it must be a common, helpful, and appropriate expense

Who qualifies to deduct expenses in the section for Reservists and Performing Artists?

amounts attributable to the expenses you incurred for services performed in that job in the section for Reservists and Performing Artists. These employee business expenses are deductible whether or not you itemize deductions. Qualified

I'm in the military. Do I qualify to deduct moving expenses?

If you are a member of the Armed Forces on active duty and you move because of a permanent change of station, you do not have to meet the distance and time tests. You can deduct your unreimbursed moving expenses. A permanent change

What is the difference between "Direct Expenses" and "Indirect Expenses"?

There are 2 types of expenses that you can deduct related your home office/business: Direct Expenses and Indirect Expenses. * Direct Expenses: Direct expenses are those expenses that are paid only for the business part of your home

What expenses cannot be deducted as "moving expenses"?

The IRS allows you to deduct several types of Moving Expenses, however, the list below reflect items the IRS DOES NOT allow as a valid Moving Expense deduction: * Any part of the purchase price of your new home. * Car tags. * Driver's

Itemized Deductions - An Overview

expenses include union or professional dues, job search expenses, uniforms, small tools used in work, and other job supplies. Also, if you travelled for your job and were not reimbursed for expenses such as tolls, parking, taxis, certain

Schedule C - Expenses

Qualified Expenses relating to your business income can be deducted in the expenses section of your Schedule C, Profit or Loss from a Business. To enter your expenses for your business, go to the Federal Section > Income > Profit or Loss

What expenses can I deduct as "moving expenses"?

You can deduct the reasonable expenses of moving your household goods and personal effects and of traveling from your old home to your new home. Reasonable expenses can include the cost of lodging (but not meals) while traveling to your

Deduction for Educator Expenses

If you are an eligible educator, you may be able to deduct up to $250 of expenses you paid for purchases of books and classroom supplies. These out-of-pocket expenses may lower your 2016 tax bill even if you don’t itemize your deductions