How much do you know about the things you can deduct from your taxes?
If you want to pay less for your taxes, you can take all the deductions you’re eligible for. This will either increase your refund or reduce your tax liability. That’s really good news if you want to keep as much of your hard-earned money as you can, but there’s a downside to it as well.
There are quite a few restrictions on what you are able to deduct. The Tax Cuts and Jobs Act of 2017 caused a major change in the United States tax structure. This new rule will affect all income tax returns filed between 2018 and 2025, which is when each part of the Act is set to end.
We wanted to give you all the info you need, so we talked to a few experts to find out more about this topic. Check out these 12 costs that you can’t write off on your taxes.
15 Responses
Very Helpful!
It wasn’t Biden it was Trump. He was corrupt
Trump didn’t sell INFLUENCE to communist China lie the Biden Organized Crime Family. If our FBI wasn’t so CORRUPT they’d let us know after having the laptop for 3 years that the criminality shown on it is REAL.
Communist puppet obiden stashing his 10%, corrupt bastard.
What did Trump do???? If elected, like he should have been, and really was, he had a tax cut for the middle class all in the works. We also would not be in the trouble we are in now that we never will get out of. Get some smarts. You have no facts just rumors and lies.
Doesn’t say much about self employed people. I always keep receipts and take off clearly business related expenses. As for biden or trump, biden is clearly the worst with his exec orders, worthless cabinet, and dumping illegal immigrants on American tax payers!
The democrat congress repealed citizen friendly deductions thanks to expenses biden dumped on taxpayers.
They’re all corrupt.
Just more ways to rip off taxpayers. Whatever did we do before someone thought up this way to make revenue? How about a super simple tax that is equal for everyone and gets rid of tax lawyers, and a lot of the IRS? Make it a flat tax across the board. If you are in business and make money, you pay the tax. La-de-da-de everybody in business. Individuals, companies, corporations. Ben Carson has the most perfect plan to accomplish this. The other thing to keep from ripping off the taxpayers is to make government have a balanced budget.
The FBI has had Hunter Biden’s laptop for 3 years. Why can’t they tell us if the CORRUPTION by Joe Biden that is shown on the laptop is legitimate. Could it be that the FBI has become the Praetorian Guard for the Democrats….it sure looks that way. Maybe it’s time to defund the FBI…
There is less and less that people can claim these dayes. I think there will come a time when you can’t claim anything and we seniors will be taxed on our social security that wa paid into while working!🥲
Ever since Biden took office, not only inflation hit, bit 90000 jobs were cut within 30 days. It’s a disgrace the way he handles America and now wants us to pat for the tremendous debt he created by not allowing us to deduct basically nothing. Wow. Shameful
When we will go to a flat tax system, never it’s a conservative ☺️ idea. Yes, I liked the message
Thank you for all of this helpful and very informative information.
Biden should be impeached