Posts tagged as:

deductions

IRS Announces 2012 Mileage Rates

9 December 2011

The IRS has issued the 2012 optional standard mileage rates used for deducting the costs of operating an automobile for business, charitable, medical or moving purposes. They are: 55.5 cents per mile for business miles driven 23 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable [...]

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Ask the taxgirl: Allergies and a New Home

13 November 2011

Taxpayer asks: We bought a new house in June. The old owner was a chain smoker so we had to hire a professional cleaner to clean from top to bottom and it was quite expensive. Can we get a tax deduction for this? My wife has allergies so we had to do it. Thanks. We [...]

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Giveaway Launches Series on Deductions

6 June 2011

Editor’s note: We have a winner! Congrats to bstenger, I’ll be in touch shortly! This week, I’m kicking off my new series on the history of popular tax deductions here on the blog. To celebrate this auspicious occasion (insert chuckling here), I’m doing a giveaway. One lucky winner will receive a Kindle with 6″ Display [...]

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Ask the taxgirl: Deductions for Cheftestants

27 April 2011

Taxpayer asks: I was watching Top Chef Masters and I ahd a question. I know you have to report your winnings on a game show. On the Masters version, the chefs don’t get the money because it goes to charity. My question is can they take a tax deduction? taxgirl says: I haven’t seen Top [...]

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Taxes from A to Z: D is for Depreciation

6 March 2011

Nothing lasts forever. Things you buy age, they wear down and sometimes, they become obsolete. That’s more or less the essence of depreciation. For federal income tax purposes, depreciation is a deduction that allows you to recover the cost or other basis of certain property. Depreciable property includes most tangible property (I like to think [...]

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Saturday Night Live

24 January 2011

I was on the radio Saturday night – late, my time – on KGO. You can listen to the clip here (I’m on at about minute 47). I’m talking about deductions (you can read the piece we’re talking about here). And yes, I now realize that the 2010 business mileage rate is 50 cents per [...]

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taxgirl Talks Deductions

21 January 2011

Yesterday, I made an appearance on the Ron Insana Show to discuss tax deductions. You can listen in here (my bit is about 6 minutes long) and you can read the article we’re discussing here.

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Ask the taxgirl: Taking Deductions When You Don’t Pay the Expenses

12 April 2010

Taxpayer asks: Thanks for your blog, I really enjoy it. I have a question about deductions. I went to school for business but long story short, couldn’t find work and moved back home. I decided to follow my original passion and open a photography studio. Since I didn’t have a job, my mother bought all [...]

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How Saved Receipts Can Become Tax Deductions – NY1.com

24 March 2010

Last week, I was in NYC filming a few spots for AOL. I was also interviewed for NY1. You can check it out here: How Saved Receipts Can Become Tax Deductions – NY1.com

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Ask the taxgirl: Eating Your Words (Food Bloggers and Deductions)

15 February 2010

Taxpayer asks: Can food bloggers write off ALL or part of their ingredients from the recipes they post on their food blog? And/or, can they write off ingredients from paid campaigns where advertisers paid them to create a recipe? Taxgirl says: I’m actually going to answer this question by saying that I’m not going to [...]

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