Automobile Insurance Coverage Quotes On-line Funds Saving Suggestions

Of course, many of us aren’t going to be able to write off more than the standard deduction, particularly if we don’t have big-ticket deductions like mortgage interest to factor in. If you’re itemizing your deductions, add in the expenses of the trip to help lower that tax bill. But we aren’t here to discourage. But if your company isn’t footing the bill for a work-related trip, you still might be in luck. Let’s begin finding some common miscellaneous expenses you can shove at Uncle Sam. Traveling for work is a lot more fun if you get paid to do it.

If it all sounds too good to be true — say it with me now — it probably is. So, you have to find a way to get your deductions over $800 before you begin writing them off. So say your AGI is $40,000. Sure, there are a lot of deductions out there, but there’s one big caveat: If you’re itemizing your deductions — and that means you’re not just taking the standard deduction the government gives you — you can only claim whatever deductions are over 2 percent of your adjusted gross income (AGI). Two percent of your income is $800.

You can even deduct the cost of putting together your resume. The Nicki Minaj shrine you’ve carefully curated into a prime roadside attraction for your county? Those wigs cost bank. So it will almost seem too good to be true to hear that your hobbies are tax-deductible. Hobbies can be expensive. Unfortunately, it isn’t really that easy. Even travel expenses are subject to deduction if you’re scouting for a new job in your current occupation while you’re in the area.

Ah, the allure of the deduction. And didn’t your sister-in-law’s aunt tell you once that she wrote off the entire cost of a new car? What about all the work clothes you had to buy when the office banned jeans? Come tax time, it’s so appealing to dream about all the different ways you could have the government foot the bill. Isn’t there some way you can claim your cable bill?

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