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.
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.
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.
