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Parking tickets
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
The payments of parking tickets and other fines for illegal acts are not deductible.
Telephone expenses
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
Basic local phone service for the first residential line even if used for business is not deductible.
business use of a second phone line or cell phone is deductible.
business use of a second phone line or cell phone is deductible.
Youth Programs
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
Team sports dues, uniform, tournament, travel expenses are not deductible.
Social Security
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
The Social Security and Medicare withholding Taxes taken out of your paycheck and summarized on your W-2 form is not a tax deduction.
Tax Preparation fees
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
Tax preparation or Audit representation are deductible itemized deduction subject to the 2% of AGI limitation.
Union dues
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
Union dues are deductible itemized deduction subject to the 2% AGI limitation.
Nursing home costs
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
Generally, the costs for medical care including meals and lodging are deductible. If the main reason of being in the nursing home is not primarily for medical care, only the portion allocated to medical care is deductible.
Vasectomy costs
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
The costs of a vasectomy and reversal of a vasectomy are deductible as a medical itemized deduction subject to the 7.5% limitation.
Vitamins and supplements
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
Vitamins and other nutritional supplements are not deductible unless recommended by a medical practitioner as treatment for a specific physician diagnosed medical condition.
Home Equity Interest
Asked Thursday, February 09, 2012 by an anonymous userCPA Answer:
Home Equity interest is deductible as qualified mortgage interest and deductible as an Itemized deduction on Schedule A.
It is a deduction for regular tax purposes no matter how the proceeds are used.
It is a deduction for regular tax purposes no matter how the proceeds are used.