The IRS Deductions Blog

Archive for the ‘Moving and Travel Deductions’ Category

Items on Amazon Right Now for Tax Deduction Overseas Travel:

“How To Become A International Travel Agent!”

Items on Amazon Right Now for Tax Deduction Move:

Rent or Buy a Home? Share Your Thoughts!

Question: what’s the maximum amount for each itemized deduction on federal tax return? Where can I find this information

For example, What are the amounts I can deduct for Dental, job search travel expenses, food, phone, fax, internet, charitable donations, etc…

Answer: There are no maximum amounts for most of them.

Charitable donations are limited to 50% of AGI. Any charitable donation that exceeds this can be carried over to future years.

Medical deductions must exceed 7.5% of AGI.

Casualty losses must exceed 10% of AGI + $100 for personal losses or 2% of AGI for business losses.

Meals are limited to 50% of amount spent for entertainment expenses.

Itemized Deductions can also be limited if your income exceeds certain levels. Most taxpayers don’t need to worry about that but if you’re in to 6-figure territory you need to be aware.

Phone, fax & internet are only deductible to the extent that they are business expenses. If they’re employee business expenses there’s a 2% AGI limitation. If they’re direct business expenses (Schedule C) there’s no limit.

Items on Amazon Right Now for Travel Tax Deduction:

More Business Travel/Vacation Tax Treats

Following up on my suggestions for combining business travel and low cost vacation time, here are so

Can I get a tax deduction for the pro bono work I did for my church?

Question: what does tax deductible vacation mean?

I am planning to go on vacation and found that buying airfare ticket through a nonprofit organization is tax deductible. the organization does not sell the ticket but they partner with a traveling agency to raise funds for their cause. so what does the cost of the ticket mean? i travel for free or what?

Answer: audit

Items on Amazon Right Now for Travel Tax Deductible:

Clarkston American Legion Post 63 sponsors packing party

Clarkston American Legion Post 63 recently sponsored a packing party to send packages to military personnel serving overseas.

BUSINESS TRAVEL Tax Deductions

Items on Amazon Right Now for Va Waiver Of Travel Deductibles: