Are school taxes deductible?

Answer School taxes are deductible on your federal tax return. They are local taxes based upon the value of a taxpayer's real property, typically a home. Deducted school taxes will be recorded on the Inte... Read More »

Top Q&A For: Are school taxes deductible

Are unemployment taxes deductible?

Unemployment benefits are typically taxed as regular income. However, in 2009 the American Recovery and Reinvestment Act provided that the first $2,400 of unemployment benefits received that year w... Read More »

Are car payments deductible on your taxes?

The IRS states that businesses can deduct lease payments for vehicles that are solely for business use. However, you cannot deduct lease payments or other actual expenses if you deduct the standard... Read More »

Are property taxes 100% deductible?

State and local property taxes can be written off as a tax deduction on your federal taxes. You can deduct the entire amount of your property taxes if you itemize your deductions.TypesTax deduction... Read More »

Is sales tax deductible from taxes?

On One Hand: Only if You ItemizeYou are allowed to deduct sales tax from your federal income tax return if you itemize your deductions. However, when you itemize your tax return, you lose the stand... Read More »