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deductions

Moving Right Along: Deducting Work-Related Moving Expenses

19 August 2012

It’s a pretty exciting week at the law firm: we’re moving to a new location. I’ll admit to being a little nostalgic about the big move. We’ve been in the same offices for more than eight years. I was actually hugely pregnant with my daughter when we signed the lease and had to sign a […]

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15 Ways To Turn Your Bucket List Into A Tax Deduction

6 June 2012

Whether you want to trek the rain forest, learn a new language or sail the world, Uncle Sam might help you pay for it.

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Why Does Congress Love Houses More Than Students?

9 May 2012

Yesterday was Career Day at my kids’ school. So, around 9:00 a.m., I found myself standing in front of a room full of kids, touting the virtues of staying in school. I recited the saga of being the first in my family to go to college. I talked about how I loved what I do […]

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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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