Worst budgeting items..tips – taxes

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      It certainlyis NOT a deduction if the expenditures are for your daugher’s participation rather than justa general contribution to the organization. School supplies would not be deductible unless you gave them to the school itself, not for the use of your children/grandchildren.

      Nancy

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      From: Dee Bleau

      We own our own business so I am not sure if this pertains or not.

      We write it off as a donation. Like my daughter does pop warner cheerleading and this is a donation everything I spend. I can tell you that last year I think we spent almost $1,000.00

      But w/o the business i am not sure

      Susanne Anderson <sueand56@yahoo.com> wrote:

      Maja,

      My kids are all grown, well partly anyway, the youngest is a freshman in college, but my oldest 2 have 7 kids between them (and one on the way!) and I have been perusing the IRS site and cannot find anything relating to deductions for extracurricular activities, sports, school supplies etc. Where do you take the deduction? Under what category?

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Budget101 Discussion List Archives Budget101 Discussion List Worst budgeting items..tips – taxes