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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 license...

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...

What are "Qualified Medical Expenses"?

on one form. The same expense cannot be used as a deduction on a Schedule A and for the purposes of the HSA deduction. What expenses are included in the entry for "unreimbursed qualified medical expenses"? In general, your entry...

What are "qualifying education expenses"?

For purposes of the student loan interest deduction , these expenses are the total costs of attending an eligible educational institution, including graduate school. They include amounts paid for the following items. Tuition and fees. Room...

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...

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...

Unreimbursed Employee Expenses - What can 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...

What are "Qualified Medical Expenses" for an MSA?

When filing Form 8853 for an Archer MSA Deduction, you are required to figure the limitation that applies to you in regard to how much of a deduction you are eligible to report. The IRS provides a worksheet to calculate the amount of this limitation. It is located withi...

Deduction for Educator Expenses

year as a teacher, instructor, counselor, principal, or aide. What can you deduct? You may subtract up to $250 of qualified expenses when figuring your adjusted gross income (AGI). Qualified expenses are unreimbursed expenses you paid...

What qualified education expenses can I use on my return?

in the student aid programs administered by the Department of Education. What can I claim as a qualified expense? Qualified Education Expenses are tuition and certain related expenses required for enrollment or attendance at an eligible...