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?

How can mileage be deducted from taxes?

Depending on your purpose for driving, you may be able to deduct mileage from your taxes. Most mileage deductions are itemized deductions, which means you can only claim them if you forgo the stand... Read More »

How much in taxes is deducted from a paycheck?

The amount of money that is withheld from your paycheck depends on your income and the number of exemptions you claimed on your W-4 form. In addition, 7.65 percent of your income is withheld for F... Read More »

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 »