Is the cost of a will tax deductible?

Answer According to IRS publication 529, the expenses of will preparation are not deductible. You cannot deduct will preparation expenses even if a result of the legal proceeding is the loss of income-pro... Read More »

Top Q&A For: Is the cost of a will tax deductible

What percentage of fence cost is tax deductible?

The cost of adding a fence to your home is not tax deductible. Because the fence qualifies as a home improvement, you must add the cost of it to the value of your home and then pay taxes on it.Refe... Read More »

Is the cost of weed control on farmland tax deductible?

According to the IRS, weed control and any ground maintenance is a farm expense that can be deducted in the year that the cost is incurred. Other such deductible costs include pesticides, fertilize... Read More »

Is the cost of noxious weed control deductible for a farm land held for rent?

The Internal Revenue Service allows you to take "all ordinary and necessary expenses" as deductions against income from real estate that you hold and rent out. Based on the IRS's guidance to farmer... Read More »

If you have an accident before the deductible is lowered but the claim is not filed until after which deductible applies?

Answer The deductible at the time of the accident not the time of claim.