Tag Archives: tax deduction
The Fine Print Cost a Widow a $464,000 Tax Deduction
In 2014, a Widow lost big on a $464,000 tax deduction for a gift to a museum due to her tax paperwork lacking a few key words that were needed to validate the deduction. This was decided on in a … Continue reading
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Also tagged dsjcpa, fine print, widow
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Would a $1,000 Tax Deduction get you in the Gym?
America is one of the heaviest societies in the entire world. Two-thirds of Americans are classified as obese or overweight using Body Mass Index as a measurement. These aren’t just ugly statistics; medical conditions linked to obesity caused more than … Continue reading
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Also tagged dsj cpa, dsjcpa, fitness expenses, PHIT Law, tax benefits
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The Student Loan Interest Deduction May Not Be Worth The Paper It’s Printed On
If you are one of the over 70 percent of college students using an average of almost $30,000 in student loans to cover the ever escalating costs of obtaining a degree, some tax benefits of repaying the loan may be … Continue reading
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Also tagged college students, IRS, student loan, student loan interest, tax
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