are home improvements tax deductible If you’ve spent a sizable amount of money improving your residence, you may understandably be looking for ways to offset those costs and find yourself wondering if...
Tag: Deductible
Is Margin Interest Tax Deductible?
Is Margin Interest Tax Deductible? The world of investing is vast, exciting and often expensive for individual traders. Occasionally, you’ll encounter an investment opportunity you don’t want to pass ...
‘My elderly relative determined she could no longer care for herself’: Are her assisted-living facility costs tax deductible?
I have an elderly relative in an assisted-living arrangement in Indiana. She was basically directed to go there from a rehabilitation post-surgery, because they determined that she could no longer car...
Is a Simplified Employee Pension (SEP) IRA Tax Deductible?
Payments made to a Simplified Employee Pension (SEP) IRA are tax-deductible for employers, but there is an annual limit on contributions. SEP IRAs are funded solely by the employer using tax-deductibl...
Did you donate last year? Here’s what is deductible on taxes.
Editor’s note: This article was originally published Dec. 8, 2021. Find more USA TODAY tax season coverage here. Charitable giving during the holiday season this year takes on a new, happier mea...
Are Funeral Expenses Tax Deductible?
Are Funeral Expenses Tax Deductible? When a loved one passes away, most families hold a funeral to mourn, remember the deceased’s life and pay last respects. While these events are a good way to...