Posts tagged as:

deduction

Deduct This: The History of Student Loan Interest

13 June 2011

This week, I reached a pretty significant milestone: I finally paid off my undergraduate student loans. Hold the champagne: I now get to plug away at graduate loans which are much bigger. Don’t read too much into that, it’s not a complaint in the real sense. I have always considered my education an investment and [...]

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Ask the taxgirl: Alimony and payments to ex-spouses

18 May 2008

Taxpayer asks: I PAY MY XWIFE SUPPORT CAN I CLAIM THAT MONEY ON MY TAXES? Taxgirl says: This is another one of those questions for which I have received a bunch of variations on a theme. It’s not just high profile divorcees like Britney Spears and Kevin Federline, pictured above, who have to deal with [...]

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It’s the Most Ring-a-Ding Time Of the Year

31 October 2007

You probably think that I’m talking about the fact that for some disturbing reason, retailers have packed the stores with Christmas goodies – and Halloween isn’t even over yet (who buys stuff this early anyway?). But I’m not. I’m talking about solicitations. It’s the time of the year when charitable organizations come calling. So far [...]

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Are you a Problogger?

27 September 2007

It’s always fun when you can participate on your fellow blogger’s sites. That’s why I’m excited to be a featured guest blogger over at Darren Rowse’s excellent Problogger site. Check it out, leave a comment or two. Make us all happy.

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Sharpen your pencils! School is in session.

9 September 2007

Remember that Staples ad where the parent runs down the aisle tossing school supplies into the cart while “It’s the Most Wonderful Time of the Year” plays in the background. That’s how I feel about this time of year. As the parent of three children, I love back to school. I crave the sense of [...]

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Fix The Tax Code Friday: Home Mortgage Deduction

31 August 2007

In light of Rep. Dingell’s proposal to eliminate the home mortgage deduction for houses larger than 3000 square feet, I wonder: Should the home mortgage interest deduction be limited for houses under a certain square footage? Under a certain cost? Limited to primary residences? Eliminated completely?

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Ask the Taxgirl: Blood Donations

14 August 2007

Taxpayer asks: I regularly donate blood to the Red Cross. Can I deduct this on my taxes? Taxgirl says: This is by far the most interesting question that I’ve ever received on Ask the Taxgirl – and I’ve received some pretty good queries! It’s interesting because my first thought was “why not?” It’s a product. [...]

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When You Want To Give Religiously. Really.

8 August 2007

With just the click of a mouse, you can now pay your power bill, reconcile your checking account and make a donation to your church. Yep, you read the last part correctly. In response to recent changes which now require a taxpayer to have a bank record or a written communication from a qualified charity [...]

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Fix The Tax Code Friday: Hobby Loss Rules

27 July 2007

I’m in Chicago today for the BlogHer Conference, where I will be speaking about blogging and tax. One topic that I plan to focus on is the issue of hobby versus business, which I addressed earlier in an “Ask the Taxgirl” segment and in my Problogger guest post. Briefly, the IRS allows you more favorable [...]

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He Sued, She Sued.

25 July 2007

It seems like something out of “Ally McBeal” (yes, I’m dating myself here) but this Boston legal battle is the real deal. In US Tax Court in Boston, 63 year old Rhiannon O’Donnabhain, pictured above, is challenging a decision not to allow the $25,000 cost of her 2001 sex-change and breast augmentation surgeries as a [...]

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