TurboTax Tax Tips Help You
Pay Less Taxes
TurboTax offers many different forms of tax support but
when it comes to funny facts about tax saving, TurboTax
points out some fairly unusual tax breaks and write-offs for
the 2017 - 2018 tax season that you
might never think of as legitimate tax deductions.
Tax deductions can be very beneficial to your wallet, and
feel like your best friend when your trying
not to give all our spare cash to the Internal Revenue
Service (IRS). The true fact is,
we can certainly spend it more wisely than those greedy
politicians are capable of.
think we could all use a break from being subjected to the
political turmoil we have to witness every day,
unfortunately we no doubt will have to continually endure that. However, we will now with the help of some
TurboTax knowledge, disclose some unusual tax breaks that can
save you some serious $ mullah if you qualify for taking
some of these out-of-the-ordinary deductible expenses.
Lets start with some tax benefits we should all be aware
Itemized tax deductions,
new homeowner tax credits,
energy-saving home improvements. If you want to be
energy conscious you should know that the IRS may offer
financial favor for the purchase of certain hybrid vehicles. TurboTax tax
filing programs point out available deductions like
these so that you can maximize your refund. One of the features these software
products offer is continually updated support on new tax
deductions and credit opportunities that become available.
Simple things like
contributing to a Individual Retirement Account (IRA)
can save you some cash.
Let TurboTax Guide You To
Out-Of-The-Ordinary Tax Deductions
Do you have a pet that helps with your income?
In Tax Court, IRS lawyers eventually conceded that cat food
was deductible when a junkyard wrote off the
cost of cat food for attracting wild cats to take care of
rats and snakes making their property
safer for customers
and lowering their insurance liability.
Looks can be everything! To increase her tips, a stripper
got breast implants to
increase her busty ensemble. A Tax Court judge ruled that the
breast augmentation cost was deductable as stage prop, or in
this case should we say stage PROPS!.
landscapers, plant exceptional trees! The araucaria
heterophylla—commonly known as a Norfolk Pine is in Hawaii
considered an “exceptional tree”, and could get you a $3,000
deduction to maintain this special fur barring species.
Free Beer Today! Not Tomorrow...
In a creative promotion, a gas station owner gave his
customers free beer in lieu of trading stamps. The Tax Court
allowed the write-off as a business expense, proving that
sometimes beer and gasoline do in fact mix.
Dealers Get Tax Breaks. While the government frowns on
illegal drugs, the IRS will still take your income taxes.
Soil and baggies for your prosperous marijuana plants are
not deductible. Nor is the growing space or the cost of your
security team. However, you can deduct the cost of your
Need help with some Addiction
Treatment? Too much of many things can be bad for your
health, drinking, smoking, drug abuse. The IRS ruled that
you can write off expenses related to quitting these mind
numbing habits including transportation to and from meetings
like Alcoholics Anonymous or Narcotics Anonymous if attended
based on doctor’s orders.
Is your girlfriend costing
your to much? The owner of several rental
properties hired his live-in girlfriend to manage the
properties. Her duties included overseeing repairs,
replacing furniture, and running his home. The Tax Court
allowed him deduct $2,500 of the $9,000 he paid to her. The
rest was determined to be personal.
Want to deduct your
babysitter expenses? The tax court rejected and
overruled an IRS revenue ruling when, A mother claimed
her babysitter expenses as a deduction or (charitable
contribution) while volunteering for a qualified charity. In
this case it's deducible if your paying somebody to look
after your child while you donate your time working at a 501
(c) (3) charity for free.
It pays to stay in shape!
The cost of getting in shape is deductible if your doctor
tells you that your life just may be in danger if you don't
start taking better care of yourself by exercising and
Tax Deduction Support
TurboTax itsDetuctible along with a database of over 350
more common tax deductions allow tax filers to maximize
their refunds by lowering the overall taxable income that
calculate their tax refund from. Keeping you net taxable
income down is #1.
Deductions can be tricky so support
tools can help you take advantage of some strange but pocket
padding loop-holes that can put a kick in your step and easy
the daily expense list.
This is an area where
TurboTax Tax Software
products shine since this is free money just waiting for you
to figure out how to claim it!