Get a tax deduction the goal of every taxpayer. Fortunately, laws are made in the form of taxes to be simple and easy to reach that goal. You can reduce your taxable income by reducing tax deductions or other tax liability through a series of credits.
Here are lists of available tax deductions. The lists are a useful guide for taxpayers.
Expense
1-refundable) The work of persons who were not spent. The height should not exceed 2% of the gross income (AGI), and ifthe cost can itemize. So if the AGI is $ 100,000, the employee must attend at least $ 2,000 worth of operating costs, first you should enjoy the tax deduction.
2) For the self-employed business expenses can be deducted in full. Check IRS Publication 535 for more valuable information.
Costs of promotion and advertising - the elements if the expenses are deductible only applies to his profession or trade.
Publications and Books
1) Books
2)Newspaper
3) magazines
4) Publications
Taxes and contributions
1) The charges for the services of employees, which is part of a professional organization.
2) initiation fees, union dues and assessments for the unemployed union members, pension payments needed.
3) cost of regulation of the profession.
4) The rates for rooms and industrial and commercial organizations.
5) The licenses for local or state government pays.
Research & Education
1) education expensesthis helps to improve your skills.
2) The costs of research.
Office Supplies and Equipment
1) use of computers in business. Employees can deduct for when the item is for the convenience of the employer and is a prerequisite for employment.
2) Tools and accessories for use in their work.
Home Office
1) home office expenses only if a part of the house is used exclusively and regularly to work. For employees, the site also features the convenience of the employer.
Internet -Employees can deduct for when the item is for the convenience of the employer and is a prerequisite for employment.
The costs of job search - employees can only deduct the tax if the job search is for the current field of work. You may not edit specialization or a first job hunters.
1) Preparation of the recovery of the cost of producing and sending.
2) Cost of Employment Agencies.
3) The fees of executive recruiters.
4) The cost of the portfolioPrepared.
5) a guide that helps to improve their position.
6) legal and accounting fees in the course of negotiations with a contract of employment.
7) advertising.
8) The costs for travel to job interviews.
9) Long distance calls to potential employers.
Check 10) newspapers bought and company bonuses in jobs.
11) Half the cost of meals paid for, which was linked directly to job hunting.
Entertainment and catering - 50%food and entertainment expenses are tax deductible. Log date, location, total amount involved, the purpose of the meeting or event, which discussed business. A turnover of more than $ 75 must be maintained.
Telephone expenses
1) the use of mobile phones for the business.
2) business long distance calls that are charged to the home phone.
3) Separate business telephone line.
Travel and transport
1) The cost of the purchased ticket, while away from home because ofBusiness.
2) The travel cost for the temporary work assignment.
3) The cost of transportation between home and temporary work. If the applicant has no permanent job, but it usually works and lives in an urban area and location of temporary work outside the city limits.
4) The cost of transportation between home and temporary work, if at least one permanent job for the job. The distance is in this case does not matter.
5)The cost of transport from one place to another, if the applicant to work two places in one day.
6) In the case of self-employed and has a home office, all business costs are deductible.
Gear and uniform
1) equipment and protective clothing.
2) uniforms except full-time members of the armed forces
3) the cost of cleaning uniforms or protective clothing.
4) specialized clothing style for the job until it is appropriate for aEveryday wear.
5) rescue systems, safety glasses, safety shoes, helmets and gloves.
More
1) Gifts for which are deductible up to $ 25 per recipient are.
2) the use of the passport for business travel.
3) Port.
4) printing and copying.
5) office supplies.
6) The legal and professional services for tax preparation.
7) medical examinations required by the employer.
8) labor taxes, the lump sum declared by the municipal government or localGovernment for the benefit of workers in the region.
9) Business liability insurance premiums.
10) Work insurance premiums dismissal.
To pay 11) compensation for a former employer for a break in the employment contract
12) The employee contributions to state disability funds
The elements are included, not exhaustive, and sometimes are not deducted. Most products are subject to change, can only in certain situations and are influenced by additional rules.
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