Are you a well-off small-business owner who really wants to buy an expensive electric SUV but don’t want to pay full price? Then you’re lucky that the Tesla Model X is so heavy that it qualifies for a $25,000 tax credit. [More]
tax deductions
Maybe You Can’t Deduct Nose Jobs & Sex Toys From Your Taxes, But Someone Can
By 4.15.13
One of the only entertaining things about tax season has to be the crazy deductions. Because honestly, what other joy can be reaped from this most dreaded of days? Well, besides a refund, if you get one. While you might not be able to write off a nose job or your excessive sweating as tax deductions, somewhere out there, someone can. We salute you, crazy deduction-takers. [More]
You Can't Deduct Your Nudie Magazine Subscription From Your Taxes
By 3.9.12
Every year, taxpayers try to slip things into their taxes as deductions, things they might deem necessary business expenses that can be written off. Some of these things fly with tax preparers and subsequently, the Internal Revenue Service, while others, say, a subscription to Playboy, just don’t. [More]
How To Soften The Blow Of An Awful Investment With A Tax Deduction
By 1.11.12
If you jumped on a stock tip that sounded great at the time but only led to you losing your entire investment, now is the time to stop beating yourself up over the poor decision. You may be able to deduct your financial folly, lightening your tax load. [More]
It's Not Too Late To Contribute To Last Year's Health Spending Account
By 1.10.12
A few weeks from now, you should have all the forms and information you’ll need to file your taxes. Most of the numbers you’ll crunch have already been decided by your actions last year, but there are still some maneuvers you can make to tweak the numbers more in your favor. [More]
Self-Employed Taxpayers Get Bigger Deduction For Medical Expenses
By 2.23.11
As a self-employed certified tax cat, I make sure to take advantage of every opportunity possible to reduce my taxable income. The health insurance premiums I pay for me and my litter have always worked to bring that number down, but they never did anything to reduce the amount I had to pay in Medicare and Social Security taxes. Until now. [More]
See If You Qualify For One Of These 2009 Tax Deductions
By 1.21.10
Personal finance blogger Mrs. Micah unleashed a mammoth list of 2009 tax deductions on her blog, Finance for a Freelance Life. [More]
Want To Participate In Haiti Relief Efforts? Here Are Some Options
By 1.13.10
Haiti’s president says the death toll from yesterday’s earthquake may rise above 100,000. You probably already know some organization you see eye to eye with that’s trying to help out, but if you want to donate but don’t know who to donate to, try these options. [More]
Why Do We Donate To Charity? Because It Feels Good!
By 6.15.07
Even poor people donate money to charity. Why? According to a new study by University of Oregon economics professor William Harbaugh and psychology professor Ulrich Mayr, they do it because it feels good.
