Can I Deduct?
The most frequently asked tax questions related to Can I Deduct?
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Answer Tax QuestionsContact lenses costs
Asked Thursday, February 09, 2012 by an anonymous user
The costs of Contact lenses including materials and equipment for using them are deductible as a medical itemized deduction subject to the 7.5% limitation.
Reconstruction Surgery
Asked Thursday, February 09, 2012 by an anonymous user
Breast reconstruction after a mastectomy to treat cancer is deductible as a medical itemized deduction subject to the 7.5% limitation.
Generally, cosmetic surgery costs are not deductible.
Generally, cosmetic surgery costs are not deductible.
Dry cleaning costs of Suits and Dresses
Asked Thursday, February 09, 2012 by an anonymous user
The dry cleaning and maintenance costs of your work clothes such as suits and dresses are not deductible. To be deductible the clothing must be not be adaptable to everyday wear and be required as a condition of employment. The dry cleaning and maintenance costs of uniforms and special clothing such as for nurse’s, police, and fireman are deductible.
Estate Planning fees
Asked Thursday, February 09, 2012 by an anonymous user
Generally, only estate planning fees related to tax matters are deductible. The fees need to be separated on the bill between nontax advice and tax advice and tax planning matters.
Legal fees
Asked Thursday, February 09, 2012 by an anonymous user
Generally, Individuals can deduct legal expenses incurred in attempting to produce or collect taxable income or paid in connection with the collection, refund or determination of tax.
You may not deduct legal fees incurred in obtaining tax-free damages for physical injury or sickness.
Businesses can deduct legal fees for the production or collection of income or for the management of income producing property.
You may not deduct legal fees incurred in obtaining tax-free damages for physical injury or sickness.
Businesses can deduct legal fees for the production or collection of income or for the management of income producing property.
Safe Deposit box
Asked Thursday, February 09, 2012 by an anonymous user
Safe deposit or vault expenses are itemized deduction subject to the 2% AGI limitation.
Union dues
Asked Thursday, February 09, 2012 by an anonymous user
Union dues are deductible itemized deduction subject to the 2% AGI limitation.
Tax Preparation fees
Asked Thursday, February 09, 2012 by an anonymous user
Tax preparation or Audit representation are deductible itemized deduction subject to the 2% of AGI limitation.
Social Security
Asked Thursday, February 09, 2012 by an anonymous user
The Social Security and Medicare withholding Taxes taken out of your paycheck and summarized on your W-2 form is not a tax deduction.
