#tax-deductions
#tax-deductions
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fromIndependent
2 weeks agoSexual content creators on OnlyFans site causing a headache for Revenue officials over expenses
Creators of sexually suggestive or explicit content on the site OnlyFans have engaged in attempts to claim racy clothing and items as tax-deductible expenses in their tax returns to the Revenue Commissioners.
Digital life
fromFast Company
1 month agoThere's a new tax deduction for car loans in Trump's 'big, beautiful bill.' Here's who's eligible-and what's the catch
The deduction is available to those with "qualified passenger vehicles" who fall under certain income limits. For single filers with an adjusted gross income up to $100,000, the deductions on vehicle loans are capped at $10,000 in interest each year.
US politics
fromMy Edmonds News
1 month agoSponsor spotlight: Watch out for these tax surprises - My Edmonds News
When you sell a home you've been living in for at least 2 of the past 5 years, you may qualify to exclude from your taxable income up to $250,000 of profit from the sale of your home if you're single or $500,000 if you're married.
Retirement
fromAbove the Law
2 months agoIRS Issues Memorandum Stating That Taxpayers Who Were Scammed Out Of Their Money Online Could Be Eligible To Claim A Theft Loss Deduction - Above the Law
The IRS recently clarified that victims of certain online scams can claim a theft loss deduction, addressing prior complexities with capital losses related to cryptocurrencies.
Cryptocurrency
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