is long term care insurance tax deductible Long-term care insurance can be an important part of planning for the twilight of your life. Despite everyone hoping they’ll be healthy and active until the ...
Tag: Deduct
Can I Deduct My Church Donations From My Taxes?
SmartAsset: Are Church Donations Tax-Deductible? Giving money to a good cause can lift our spirits, but can it also lift our tax burden? What about if we’re not donating to a charity, but to a church?...
How to Deduct Stock Losses on Your Taxes
stock losses taxes Capital gains and capital losses both have tax implications. When you sell stocks for a profit, you owe taxes on those gains. These taxes are calculated based on capital gains rates...
IRS Taxes Kentucky Derby Wins, But Can You Deduct Losses?
Rich Strike’s improbable Kentucky Derby win made the owner flush, with a $1.86M purse on a horse that only cost $30,000. There were plenty of other winners too, for anyone bold and prescient enough to...
Can You Deduct Rent on Your Taxes?
SmartAsset: Can You Deduct Rent on Your Taxes? If you’re wondering whether you can deduct your rent on your taxes, the short answer is yes. You can deduct rent if you live in a state that allows it. H...