Worst budgeting items..tips – taxes

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    • March 27, 2008 at 4:30 am #256962
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      Go to this IRS publication. Pages 6 and 7 have details on what you cannot deduct.

      https://www.irs.gov/pub/irs-pdf/p526.pdf

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      From: shawnonline
      To: Budget101_@yahoogroups.com
      Sent: Thursday, March 27, 2008 12:26 PM
      Subject: Re: Budget101.com : Worst budgeting items..tips – taxes

      I can notdeduct our home schooling curriculum/supplies since I looked into this very closely. So I don’t.

      I’m not sure this would be legal. Why would extra curricular activities be tax deductible? Ican’t seem to see the reason for this.

      Just like entertainment/hobbies expenses are not deductible. Maybe school supplies but I don’t think so. Might be a good question for a tax professional to be sure.

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