Can I deduct any of my FSA on taxes?

Answer A flexible spending account (FSA) reimburses out-of-pocket medical expenses and contributions are made from your pre-tax wages. According to the FSAFEDS Program, you may not claim on your tax retur... Read More »

Top Q&A For: Can I deduct any of my FSA on taxes

Can I deduct PMI on taxes?

Congress extended the law through 2010 allowing taxpayers to deduct private mortgage insurance (PMI), but only for homes bought or refinanced since Jan. 1, 2007. The deduction is only available for... Read More »

Can you deduct gas on your taxes?

On One Hand: Not Regular CommutesIf you just drive from your home to your job and back, you cannot deduct your gas costs. However, if you work multiple jobs, you can deduct the cost of gas used dri... Read More »

What can you deduct from taxes?

Several tens of thousands of pages (maybe more) exist on this topic. No list does, nor is a list possible.

What Can I Deduct From My Taxes for Remodeling?

The Internal Revenue Service does not typically allow taxpayers to deduct the costs of home remodeling from their income taxes. However, the cost of the home improvements can be added to the taxpay... Read More »