Can I deduct my car?

Answer On One Hand: Probably NotAccording to Cook and Company, you can't deduct the purchase price of a car unless it weighs more than 6,000 pounds. Some larger SUVs and heavy duty trucks do meet this wei... Read More »

Top Q&A For: Can I deduct my car

Can I Deduct Gas to Get to Work?

Commuting to work can be extremely expensive, depending on how much you work and the current price of gas. For some people, the total annual cost for getting to work and back can run into the thous... Read More »

Can you deduct tithes?

According to, Publication 526, money such as tithes or offerings given to religious organizations such as churches, mosques, synagogues and temples are considered charitable contributions a... Read More »

How to Deduct Both a 401(k) & an SEP?

Participating in a 401k and a simplified employee pension individual retirement account (SEP IRA) allows you to put a large portion of your income towards retirement savings. Employers administer 4... Read More »

Can I deduct my MBA tuition?

You can deduct your MBA tuition because it qualifies as postsecondary education. However, your income must be below the income limits for your filing status to claim the tuition and fees deduction.... Read More »