SOME EXTRAORDINARY TAX DEDUCTIONS
It is Tax time again. We want you to be armed with enough information to help you maximize every deduction you have coming to you... legally. So we did a little research for you...and we have to highlight this one on its's own merit. Not only for the humor you may find in some of the information, but because it is a real education on what you may have been missing out on when you file your taxes.
Okay, admit it: As you've struggled with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, you've taken a few flights of fancy. "Can I claim a deduction for all those blood donations at the Red Cross?" Nope. "How about a charitable contribution for all the time I donate to the church?" No, again. "Can I count the wedding gift for my boss's daughter as an employee business expense?" Come on!
On the other hand, your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine, ranging from cat food to a casualty loss for a vehicle totaled by a drunk driver.
Here are 14 of our favorites. Check out the slide show below.
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Peter Blank, Editor, The Kiplinger Tax Letter
It is Tax time again. We want you to be armed with enough information to help you maximize every deduction you have coming to you... legally. So we did a little research for you...and we have to highlight this one on its's own merit. Not only for the humor you may find in some of the information, but because it is a real education on what you may have been missing out on when you file your taxes.
Okay, admit it: As you've struggled with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, you've taken a few flights of fancy. "Can I claim a deduction for all those blood donations at the Red Cross?" Nope. "How about a charitable contribution for all the time I donate to the church?" No, again. "Can I count the wedding gift for my boss's daughter as an employee business expense?" Come on!
On the other hand, your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine, ranging from cat food to a casualty loss for a vehicle totaled by a drunk driver.
Here are 14 of our favorites. Check out the slide show below.
<< Previous Slide Show Navigation Next >>
Peter Blank, Editor, The Kiplinger Tax Letter
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