Can you deduct a laptop&cell phone on taxes?

Answer On One Hand: Business expenses can be deductedCertain expenses can be taken as deductions on your federal tax return in certain circumstances. The purchase of a laptop and or cell phone can be dedu... Read More »

Top Q&A For: Can you deduct a laptop&cell phone on taxes

Can i deduct the expense of my cell phone bill on my taxes?

On One Hand: Not for Personal UseIf you use your cell phone for personal use, or only sparingly for business, you cannot claim a tax deduction for your cell phone bill on your income taxes.On the O... Read More »

Can I deduct any of my FSA on taxes?

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 »

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 »

How to Deduct Prepaid Taxes?

The Internal Revenue Service requires people to pay taxes on their income throughout the year rather than waiting until the end of the year to make one large payment. Most people have this requirem... Read More »