Can Leasing Payments on a Car Be Deducted on Taxes?

Answer The Internal Revenue Service allows you to deduct lease payments on your car, under certain circumstances. The full information on deductible car expenses is available from the IRS on their website... Read More »

Top Q&A For: Can Leasing Payments on a Car Be Deducted on Taxes

Can child support be deducted from retirement payments?

Can PTA donations be deducted on taxes?

The national Parent Teacher Association, more commonly known as the PTA, is registered as a 501(c)(3) non-profit agency, and contributions to it are tax deductible. To deduct contributions to your ... Read More »

How are payroll taxes deducted?

Employers are required by law to withhold payroll taxes from employees' paychecks and pay them to the government. The amount of payroll tax withheld depends on the type of tax being deducted.Federa... Read More »

Can Roth IRA losses be deducted on taxes?

You can only deduct losses on your Roth IRA if you close all of your Roth IRA accounts and the total you receive plus any other distributions taken from the accounts is less than your total contrib... Read More »