Posts tagged as:

standard-deduction

Is Your Mortgage Interest Deduction At Risk?

17 November 2011

Is your mortgage interest deduction at risk? What about your charitable donation deduction? Your real estate tax deduction? Your medical expenses deduction? Under a new conservative plan introduced by Sen. Pat Toomey (R-PA), one of the members of the “Super Committee”, the amounts that taxpayers could claim as deduction on a Schedule A would be [...]

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Movin’ On Up: Inflation May Translate to Lower Tax Bills

20 October 2011

If you think that the cost of living is increasing, it’s not your imagination. Everything is getting more expensive from gas to milk to peanut butter. Fortunately, that might translate to a drop in your tax bill. The IRS has announced a number of adjustments to tax exemptions and deductions as a result of rising [...]

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Deduct This: History of the Tax Attorney’s Fees Deduction

25 June 2011

Wait? You mean that you didn’t know that there was such a thing as the tax attorney’s fees deduction? Well, perhaps that’s because it’s not actually called the tax attorney’s fees deduction. Tax attorneys like me just like to call it that. It’s technically part of the Job Expenses and Certain Miscellaneous Deductions subject to [...]

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Deduct This: The History of the Medical Expenses Deduction

20 June 2011

When you ask most taxpayers about available tax deductions, the deduction for medical expenses immediately springs to mind. It’s probably one of the most talked about deductions (in fact, a fairly significant portion of the questions submitted to the blog by taxpayers focus on the medical expenses) but the reality is that very few taxpayers [...]

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Fix The Tax Code Friday: Standard Deduction for Self-Employed

28 September 2007

On Problogger yesterday, a few folks commented that the list of potential deductions for bloggers (one of many groups of self-employed persons) was too long or too complicated. Which made me think. It also leads me to today’s Fix the Tax Code Friday question: Should there be a separate Standard Deduction alternative for self-employed persons? [...]

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