Tax Deductible Expenses When Selling a House?

Answer Selling a house provides a taxpayer with several tax deductions that reduce his total taxable income for the year. You must apply the deductions during the year the house sells and enter it on Sche... Read More »

Top Q&A For: Tax Deductible Expenses When Selling a House

If you rent out part of your house how do you figure the amount of deductible expenses like utilities and insurance?

Tax Deductions for Partial RentalsHere is some advice from WikiAnswers community members:If you rent part of your property, you must divide certain expenses between the part of the property used fo... Read More »

Are IRS audit expenses deductible as miscellaneous expenses?

Any legal fees for tax advice, any tax advice fees and any tax preparation fees are miscellenous deductions. These fees are subject to a 2 percent of adjusted gross income limit. Taxpayers can dedu... Read More »

Are homeschool expenses tax deductible?

Expenses related to home schooling are not deductible. To be deductible as education expenses, the teacher must work 900 hours during the year at an elementary or secondary education school. The In... Read More »

Are school expenses tax deductible?

The Internal Revenue Service allows you to deduct the cost of attending higher educational institutions such as colleges, universities and vocational schools. The IRS also offers a number of tax cr... Read More »