Ask a CPA

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 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.

For the interest on a boat loan to be deductible it has to have sleeping, cooking and toilet facilities and local law must allow for such use.

In 2011, Mortgage Insurance Premiums paid in connection with acquisition indebtedness on a taxpayers primary or second home are deductible as mortgage residence interest.
The deduction phases out based on your filing status and AGI.

Generally, contributions to Foreign organizations other than in Canada, Mexico and Israel charities are not deductible.

Contributions to groups whose purpose is to lobby for law changes are not deductible.

Safe deposit or vault expenses are itemized deduction subject to the 2% AGI limitation.

The costs of purchase and maintenance of a uniform are deductible.
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.

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.

Bonus depreciation is an accelerated deduction in the first year purchase of an asset. It is an additional incentive to purchase business assets and considered a measure of relief for small businesses that want to buy additional equipment.
in 2013, 50% is allowed.