Are There Non-Allowable Deductions on Taxes?

Answer The IRS does a good job publishing various materials that provide guidance on all the expenses you are eligible to deduct. However, many taxpayers sometimes include non-deductible expenses with the... Read More »

Top Q&A For: Are There Non-Allowable Deductions on Taxes

Definition of Allowable Deductions?

When preparing individual or business tax returns, you are allowed to subtract certain expenses from your gross income. These deductions, which come in many different forms, were passed into law ov... Read More »

Can you claim cash deductions on taxes?

On One Hand: You Can Claim Cash Deductions on TaxesIn the United States, the Internal Revenue Service (IRS) allows you to claim cash deductions for contributions made to qualified organizations. Th... Read More »

Can volunteer hours be deductions on taxes?

You cannot claim the time that you spend volunteering as a tax deduction. However, if you spend money on getting to the volunteer event or on items for volunteering, you can deduct those costs.Refe... Read More »

List of Deductions to Claim on Your Taxes?

The Internal Revenue Service (IRS) makes deductions available that reduce your income to lower your tax liability. All deductions require qualifying criteria based on IRS rules, so you will not qua... Read More »