Safe & Legal Deductions To Save On Taxes
55 Safe & Legal Deductions To Save On Taxes
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offer it as a bonus with your products. You are not allowed to make any changes to it without permission.
The Author, his publishers, agents, resellers or distributors assume no liability or responsibility to any person or entity with respect to
any loss or damage or alleged to be caused directly or indirectly by the use of and the advice given in this publication.
It is recommended that the users of this publication seek legal, accounting and other independent professional business advice
before starting a business or acting upon any advice given. This book is not intended for use as a source of legal, business,
accounting or financial advice, but is distribute for information purposes only.
55 Safe & Legal Deductions To Save On Taxes
1. Cost of having a tax return prepared the previous
year.
2. Dues to professional societies and subscriptions to
professional journals.
3. Medical insurance premiums.
4. Union dues and expenses.
5. Liquidated damages to a former employer, such as for
a broken contract.
6. Gambling losses. (However, winnings are taxable).
7. Money given to non-profit charities.
8. Cost of uniforms and/or special clothing required on
the job.
9. Special shoes required for your job.
10. Special tools, equipment and supplies necessary for
your job.
11. Credit for political contributions.
12. Credit for care of a child or dependent.
13. Earned income credit (for low income workers).
14. Energy tax credit, for making energy efficiency
improvements to home.
15. Charitable gifts such as clothing, furniture, real
estate, etc.
16. Doctor's, dentists, hospital bills.
17. costs of prescriptions, drugs.
18. Expenses for eyeglasses, hearing aids, dentures,
contact lenses, etc.
19. Employment agency fee when looking for work.
20. Moving expenses, when necessary for business related
reasons.
21. Fees for books, newsletters, seminars, etc., that
give tax advice.
22. Upkeep expenses (including laundry, cleaning) for
uniforms, work clothes.
23. Protective clothing such as safety shoes & glasses,
hard hats, etc.
24. Appraisal fee to determine amount of loss for
casualty or theft deduction.
25. Appraisal fee to determine market value of property
claimed as deduction.
26. Home telephone expenses relating to your job,
including long distance.
27. Customer entertainment.
28. Professional licenses.
29. Malpractice insurance (as in case of nurses, doctors,
etc.)
30. Investment expenses for advice paid to banks,
brokers, advisors, etc.
31. Travel expenses to consult with broker, to do
investment research, etc.
32. Cost of safety deposit box rental.
33. cost of preparing, typing, printing, mailing, etc.,
job resumes.
34. Cost of seminars, books, classes, etc., on how to
write a job resume.
35. Travel and transportation expenses necessary for
finding new employment.
36. Meal and lodging costs when necessary for finding a
new job.
37. Cost of education required by your employer for
keeping your job.
38. Cost of education to improve skills required in
performing current work.
39. Donations to churches, religious, non-profit
organizations.
40. Losses caused by accidents, storms, floods, thefts,
etc.
41. Elective surgery such as face-lifts, breast implants,
thigh-tapering, etc.
42. Acupuncture.
43. Laetrile, in states where it is legal.
44. Psychiatric and psychological care and treatment.
45. Transportation to and from places for medical
examinations, treatments, etc.
46. Sales taxes, including big-ticket times such as car,
boat, etc.
47. Mortgage interest.
48. Interest on credit card and department store charges.
49. Interest on loan purchases, such as automobile.
50. Closing costs when selling home & moving, for
business related reasons.
51. Capital gains and losses.
52. Personal retirement plans such as IRA and Keogh
plans.
53. Personal property taxes, state and local taxes.
54. Real estate taxes.
55. Alimony.
NOTICE: This list was accurate at time of publication.
Contact nearest IRS office for current information and any
recent changes in tax laws.
This eBook brought to you by:
Buy-Ebook.com
Our site has got a great collection of the best ebooks which are sold on the Internet, but at a lower price than on any other site.
Affiliates
Earn 60% Commission On Every Sale! We sell 500+ eBooks.
As a Buy-Ebook.com Associate, we will pay you a Massive 60% referral fee for every sale that you generate. You can sign up for
FREE and start making money straight away.
If you want to directly link to some ebooks related to content of your site, get affiliate link here. Choose any from 500+ titles.
NOTE:
If you Would like to Offer this Ebook to Your Web Site Visitors as a FREE Download, then please do so. You can post this ebook to
your web site, offer it in your newsletter, print it out as a book, give it to your friends, etc. No royalties are necessary. Give it away or
offer it as a bonus with your products. You are not allowed to make any changes to it without permission.
The Author, his publishers, agents, resellers or distributors assume no liability or responsibility to any person or entity with respect to
any loss or damage or alleged to be caused directly or indirectly by the use of and the advice given in this publication.
It is recommended that the users of this publication seek legal, accounting and other independent professional business advice
before starting a business or acting upon any advice given. This book is not intended for use as a source of legal, business,
accounting or financial advice, but is distribute for information purposes only.
55 Safe & Legal Deductions To Save On Taxes
1. Cost of having a tax return prepared the previous
year.
2. Dues to professional societies and subscriptions to
professional journals.
3. Medical insurance premiums.
4. Union dues and expenses.
5. Liquidated damages to a former employer, such as for
a broken contract.
6. Gambling losses. (However, winnings are taxable).
7. Money given to non-profit charities.
8. Cost of uniforms and/or special clothing required on
the job.
9. Special shoes required for your job.
10. Special tools, equipment and supplies necessary for
your job.
11. Credit for political contributions.
12. Credit for care of a child or dependent.
13. Earned income credit (for low income workers).
14. Energy tax credit, for making energy efficiency
improvements to home.
15. Charitable gifts such as clothing, furniture, real
estate, etc.
16. Doctor's, dentists, hospital bills.
17. costs of prescriptions, drugs.
18. Expenses for eyeglasses, hearing aids, dentures,
contact lenses, etc.
19. Employment agency fee when looking for work.
20. Moving expenses, when necessary for business related
reasons.
21. Fees for books, newsletters, seminars, etc., that
give tax advice.
22. Upkeep expenses (including laundry, cleaning) for
uniforms, work clothes.
23. Protective clothing such as safety shoes & glasses,
hard hats, etc.
24. Appraisal fee to determine amount of loss for
casualty or theft deduction.
25. Appraisal fee to determine market value of property
claimed as deduction.
26. Home telephone expenses relating to your job,
including long distance.
27. Customer entertainment.
28. Professional licenses.
29. Malpractice insurance (as in case of nurses, doctors,
etc.)
30. Investment expenses for advice paid to banks,
brokers, advisors, etc.
31. Travel expenses to consult with broker, to do
investment research, etc.
32. Cost of safety deposit box rental.
33. cost of preparing, typing, printing, mailing, etc.,
job resumes.
34. Cost of seminars, books, classes, etc., on how to
write a job resume.
35. Travel and transportation expenses necessary for
finding new employment.
36. Meal and lodging costs when necessary for finding a
new job.
37. Cost of education required by your employer for
keeping your job.
38. Cost of education to improve skills required in
performing current work.
39. Donations to churches, religious, non-profit
organizations.
40. Losses caused by accidents, storms, floods, thefts,
etc.
41. Elective surgery such as face-lifts, breast implants,
thigh-tapering, etc.
42. Acupuncture.
43. Laetrile, in states where it is legal.
44. Psychiatric and psychological care and treatment.
45. Transportation to and from places for medical
examinations, treatments, etc.
46. Sales taxes, including big-ticket times such as car,
boat, etc.
47. Mortgage interest.
48. Interest on credit card and department store charges.
49. Interest on loan purchases, such as automobile.
50. Closing costs when selling home & moving, for
business related reasons.
51. Capital gains and losses.
52. Personal retirement plans such as IRA and Keogh
plans.
53. Personal property taxes, state and local taxes.
54. Real estate taxes.
55. Alimony.
NOTICE: This list was accurate at time of publication.
Contact nearest IRS office for current information and any
recent changes in tax laws.
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