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10 Strange (but Legitimate) Tax Deductions

TurboTax 10 STRANGE BUT LEGITIMATE FEDERAL TAX DEDUCTIONS With tax season in full swing, and people around the country trying to deduct all that they can, we at TurboTax thought it the perfect time to highlight some of the strange returns. From the run of the mill, to the truly odd deductions that you would never in a million years think are legitimate, take a look at these strange tax deductions that you but legitimate tax deductions probably didn't know about, but just for those who itemize deductions on their tax might save you some extra cash this filing season. 1 A Whale of a Deduction As of 2004, whaling captains are eligible for up to $10,000 in deductions on ship repairs, as well as equipment purchases and other whaling expenses. However, since whaling in the United States is banned for all but Native American cultures, you might find it a bit difficult to make this one work for you or your boat. 2 Pet Moving When relocating for a new job, most people are wise to the fact that your moving expenses are tax deductible. What you may not be aware of is that the cost of moving your pet is also included in this write off. 3 Does Your Child Have an Overbite? If so, you might want to enroll them in clarinet lessons. Both the clarinet and music lessons are tax deductible thanks to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child's overbite and thus may qualify as a medical expense. The Not So Money Pit Home swimming pools have been nicknamed "the money pit" for as long as anyone can remember. But if you have a medical condition that a swimming regimen could help alleviate, your money pit may qualify as a tax deduction. Quitting Smoking Just Got a Lot More Enticing With the New Year comes New Year's resolutions. One of the most common resolutions is to quit smoking. What you may not know is that the IRS may just give you the added encouragement to finally kick the habit. That's right, you may be able to deduct the cost of any smoking cessation programs, patches or aides. 6 Charity Work Can Lead to Deductible Childcare Ever wanted to do some charity work for a non-profit, but never have the time due to family? If so, you might be surprised to find out that you can deduct child care costs from your 1040. In other words, you can pay someone to babysit your kids while you work a job that gives no pay, and you may be able to write it off. 7 Even Criminals can Deduct! Made famous by the trials of celebrity criminals, most everyone knows criminals are technically required to pay taxes on their ill gotten gains. What you may not be aware of, however, is that if caught, you may be able to write off your legal defense. 8 Getting In Shape Courtesy of the IRS Has your doctor told you lately that your health, or even your life, could be in jeopardy due to your physical condition? If so, you may be able to deduct the cost of just about any remedy to drop a few pounds, lower your cholesterol, improve your heart rate, and everything in between if your doctor signs off on it. BEWARE! 9 Man's Best Friend As a business owner, if you use an animal to protect your property you may be able to deduct a portion of the cost of caring for the animal from your taxes each year. GUARD DOG ON DUTY! 10 Deduction from Enlargement In 1988, a stripper claimed a $2,088 deduction for breast enlargement surgery stating it was a business expense. After initially being denied the deduction, she appealed and the tax courts ruled it was in fact deductible as a business expense. This opened the door for anyone in the adult entertainment industry to possibly write off cosmetic surgery if it can be reasonably claimed that the result will make them more money in their business venture. SOURCES: Newsweek; Signsonsandiego.com; Business Week; Kiplinger TurboTax 10 STRANGE BUT LEGITIMATE FEDERAL TAX DEDUCTIONS With tax season in full swing, and people around the country trying to deduct all that they can, we at TurboTax thought it the perfect time to highlight some of the strange returns. From the run of the mill, to the truly odd deductions that you would never in a million years think are legitimate, take a look at these strange tax deductions that you but legitimate tax deductions probably didn't know about, but just for those who itemize deductions on their tax might save you some extra cash this filing season. 1 A Whale of a Deduction As of 2004, whaling captains are eligible for up to $10,000 in deductions on ship repairs, as well as equipment purchases and other whaling expenses. However, since whaling in the United States is banned for all but Native American cultures, you might find it a bit difficult to make this one work for you or your boat. 2 Pet Moving When relocating for a new job, most people are wise to the fact that your moving expenses are tax deductible. What you may not be aware of is that the cost of moving your pet is also included in this write off. 3 Does Your Child Have an Overbite? If so, you might want to enroll them in clarinet lessons. Both the clarinet and music lessons are tax deductible thanks to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child's overbite and thus may qualify as a medical expense. The Not So Money Pit Home swimming pools have been nicknamed "the money pit" for as long as anyone can remember. But if you have a medical condition that a swimming regimen could help alleviate, your money pit may qualify as a tax deduction. Quitting Smoking Just Got a Lot More Enticing With the New Year comes New Year's resolutions. One of the most common resolutions is to quit smoking. What you may not know is that the IRS may just give you the added encouragement to finally kick the habit. That's right, you may be able to deduct the cost of any smoking cessation programs, patches or aides. 6 Charity Work Can Lead to Deductible Childcare Ever wanted to do some charity work for a non-profit, but never have the time due to family? If so, you might be surprised to find out that you can deduct child care costs from your 1040. In other words, you can pay someone to babysit your kids while you work a job that gives no pay, and you may be able to write it off. 7 Even Criminals can Deduct! Made famous by the trials of celebrity criminals, most everyone knows criminals are technically required to pay taxes on their ill gotten gains. What you may not be aware of, however, is that if caught, you may be able to write off your legal defense. 8 Getting In Shape Courtesy of the IRS Has your doctor told you lately that your health, or even your life, could be in jeopardy due to your physical condition? If so, you may be able to deduct the cost of just about any remedy to drop a few pounds, lower your cholesterol, improve your heart rate, and everything in between if your doctor signs off on it. BEWARE! 9 Man's Best Friend As a business owner, if you use an animal to protect your property you may be able to deduct a portion of the cost of caring for the animal from your taxes each year. GUARD DOG ON DUTY! 10 Deduction from Enlargement In 1988, a stripper claimed a $2,088 deduction for breast enlargement surgery stating it was a business expense. After initially being denied the deduction, she appealed and the tax courts ruled it was in fact deductible as a business expense. This opened the door for anyone in the adult entertainment industry to possibly write off cosmetic surgery if it can be reasonably claimed that the result will make them more money in their business venture. SOURCES: Newsweek; Signsonsandiego.com; Business Week; Kiplinger TurboTax 10 STRANGE BUT LEGITIMATE FEDERAL TAX DEDUCTIONS With tax season in full swing, and people around the country trying to deduct all that they can, we at TurboTax thought it the perfect time to highlight some of the strange returns. From the run of the mill, to the truly odd deductions that you would never in a million years think are legitimate, take a look at these strange tax deductions that you but legitimate tax deductions probably didn't know about, but just for those who itemize deductions on their tax might save you some extra cash this filing season. 1 A Whale of a Deduction As of 2004, whaling captains are eligible for up to $10,000 in deductions on ship repairs, as well as equipment purchases and other whaling expenses. However, since whaling in the United States is banned for all but Native American cultures, you might find it a bit difficult to make this one work for you or your boat. 2 Pet Moving When relocating for a new job, most people are wise to the fact that your moving expenses are tax deductible. What you may not be aware of is that the cost of moving your pet is also included in this write off. 3 Does Your Child Have an Overbite? If so, you might want to enroll them in clarinet lessons. Both the clarinet and music lessons are tax deductible thanks to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child's overbite and thus may qualify as a medical expense. The Not So Money Pit Home swimming pools have been nicknamed "the money pit" for as long as anyone can remember. But if you have a medical condition that a swimming regimen could help alleviate, your money pit may qualify as a tax deduction. Quitting Smoking Just Got a Lot More Enticing With the New Year comes New Year's resolutions. One of the most common resolutions is to quit smoking. What you may not know is that the IRS may just give you the added encouragement to finally kick the habit. That's right, you may be able to deduct the cost of any smoking cessation programs, patches or aides. 6 Charity Work Can Lead to Deductible Childcare Ever wanted to do some charity work for a non-profit, but never have the time due to family? If so, you might be surprised to find out that you can deduct child care costs from your 1040. In other words, you can pay someone to babysit your kids while you work a job that gives no pay, and you may be able to write it off. 7 Even Criminals can Deduct! Made famous by the trials of celebrity criminals, most everyone knows criminals are technically required to pay taxes on their ill gotten gains. What you may not be aware of, however, is that if caught, you may be able to write off your legal defense. 8 Getting In Shape Courtesy of the IRS Has your doctor told you lately that your health, or even your life, could be in jeopardy due to your physical condition? If so, you may be able to deduct the cost of just about any remedy to drop a few pounds, lower your cholesterol, improve your heart rate, and everything in between if your doctor signs off on it. BEWARE! 9 Man's Best Friend As a business owner, if you use an animal to protect your property you may be able to deduct a portion of the cost of caring for the animal from your taxes each year. GUARD DOG ON DUTY! 10 Deduction from Enlargement In 1988, a stripper claimed a $2,088 deduction for breast enlargement surgery stating it was a business expense. After initially being denied the deduction, she appealed and the tax courts ruled it was in fact deductible as a business expense. This opened the door for anyone in the adult entertainment industry to possibly write off cosmetic surgery if it can be reasonably claimed that the result will make them more money in their business venture. SOURCES: Newsweek; Signsonsandiego.com; Business Week; Kiplinger TurboTax 10 STRANGE BUT LEGITIMATE FEDERAL TAX DEDUCTIONS With tax season in full swing, and people around the country trying to deduct all that they can, we at TurboTax thought it the perfect time to highlight some of the strange returns. From the run of the mill, to the truly odd deductions that you would never in a million years think are legitimate, take a look at these strange tax deductions that you but legitimate tax deductions probably didn't know about, but just for those who itemize deductions on their tax might save you some extra cash this filing season. 1 A Whale of a Deduction As of 2004, whaling captains are eligible for up to $10,000 in deductions on ship repairs, as well as equipment purchases and other whaling expenses. However, since whaling in the United States is banned for all but Native American cultures, you might find it a bit difficult to make this one work for you or your boat. 2 Pet Moving When relocating for a new job, most people are wise to the fact that your moving expenses are tax deductible. What you may not be aware of is that the cost of moving your pet is also included in this write off. 3 Does Your Child Have an Overbite? If so, you might want to enroll them in clarinet lessons. Both the clarinet and music lessons are tax deductible thanks to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child's overbite and thus may qualify as a medical expense. The Not So Money Pit Home swimming pools have been nicknamed "the money pit" for as long as anyone can remember. But if you have a medical condition that a swimming regimen could help alleviate, your money pit may qualify as a tax deduction. Quitting Smoking Just Got a Lot More Enticing With the New Year comes New Year's resolutions. One of the most common resolutions is to quit smoking. What you may not know is that the IRS may just give you the added encouragement to finally kick the habit. That's right, you may be able to deduct the cost of any smoking cessation programs, patches or aides. 6 Charity Work Can Lead to Deductible Childcare Ever wanted to do some charity work for a non-profit, but never have the time due to family? If so, you might be surprised to find out that you can deduct child care costs from your 1040. In other words, you can pay someone to babysit your kids while you work a job that gives no pay, and you may be able to write it off. 7 Even Criminals can Deduct! Made famous by the trials of celebrity criminals, most everyone knows criminals are technically required to pay taxes on their ill gotten gains. What you may not be aware of, however, is that if caught, you may be able to write off your legal defense. 8 Getting In Shape Courtesy of the IRS Has your doctor told you lately that your health, or even your life, could be in jeopardy due to your physical condition? If so, you may be able to deduct the cost of just about any remedy to drop a few pounds, lower your cholesterol, improve your heart rate, and everything in between if your doctor signs off on it. BEWARE! 9 Man's Best Friend As a business owner, if you use an animal to protect your property you may be able to deduct a portion of the cost of caring for the animal from your taxes each year. GUARD DOG ON DUTY! 10 Deduction from Enlargement In 1988, a stripper claimed a $2,088 deduction for breast enlargement surgery stating it was a business expense. After initially being denied the deduction, she appealed and the tax courts ruled it was in fact deductible as a business expense. This opened the door for anyone in the adult entertainment industry to possibly write off cosmetic surgery if it can be reasonably claimed that the result will make them more money in their business venture. SOURCES: Newsweek; Signsonsandiego.com; Business Week; Kiplinger TurboTax 10 STRANGE BUT LEGITIMATE FEDERAL TAX DEDUCTIONS With tax season in full swing, and people around the country trying to deduct all that they can, we at TurboTax thought it the perfect time to highlight some of the strange returns. From the run of the mill, to the truly odd deductions that you would never in a million years think are legitimate, take a look at these strange tax deductions that you but legitimate tax deductions probably didn't know about, but just for those who itemize deductions on their tax might save you some extra cash this filing season. 1 A Whale of a Deduction As of 2004, whaling captains are eligible for up to $10,000 in deductions on ship repairs, as well as equipment purchases and other whaling expenses. However, since whaling in the United States is banned for all but Native American cultures, you might find it a bit difficult to make this one work for you or your boat. 2 Pet Moving When relocating for a new job, most people are wise to the fact that your moving expenses are tax deductible. What you may not be aware of is that the cost of moving your pet is also included in this write off. 3 Does Your Child Have an Overbite? If so, you might want to enroll them in clarinet lessons. Both the clarinet and music lessons are tax deductible thanks to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child's overbite and thus may qualify as a medical expense. The Not So Money Pit Home swimming pools have been nicknamed "the money pit" for as long as anyone can remember. But if you have a medical condition that a swimming regimen could help alleviate, your money pit may qualify as a tax deduction. Quitting Smoking Just Got a Lot More Enticing With the New Year comes New Year's resolutions. One of the most common resolutions is to quit smoking. What you may not know is that the IRS may just give you the added encouragement to finally kick the habit. That's right, you may be able to deduct the cost of any smoking cessation programs, patches or aides. 6 Charity Work Can Lead to Deductible Childcare Ever wanted to do some charity work for a non-profit, but never have the time due to family? If so, you might be surprised to find out that you can deduct child care costs from your 1040. In other words, you can pay someone to babysit your kids while you work a job that gives no pay, and you may be able to write it off. 7 Even Criminals can Deduct! Made famous by the trials of celebrity criminals, most everyone knows criminals are technically required to pay taxes on their ill gotten gains. What you may not be aware of, however, is that if caught, you may be able to write off your legal defense. 8 Getting In Shape Courtesy of the IRS Has your doctor told you lately that your health, or even your life, could be in jeopardy due to your physical condition? If so, you may be able to deduct the cost of just about any remedy to drop a few pounds, lower your cholesterol, improve your heart rate, and everything in between if your doctor signs off on it. BEWARE! 9 Man's Best Friend As a business owner, if you use an animal to protect your property you may be able to deduct a portion of the cost of caring for the animal from your taxes each year. GUARD DOG ON DUTY! 10 Deduction from Enlargement In 1988, a stripper claimed a $2,088 deduction for breast enlargement surgery stating it was a business expense. After initially being denied the deduction, she appealed and the tax courts ruled it was in fact deductible as a business expense. This opened the door for anyone in the adult entertainment industry to possibly write off cosmetic surgery if it can be reasonably claimed that the result will make them more money in their business venture. SOURCES: Newsweek; Signsonsandiego.com; Business Week; Kiplinger TurboTax 10 STRANGE BUT LEGITIMATE FEDERAL TAX DEDUCTIONS With tax season in full swing, and people around the country trying to deduct all that they can, we at TurboTax thought it the perfect time to highlight some of the strange returns. From the run of the mill, to the truly odd deductions that you would never in a million years think are legitimate, take a look at these strange tax deductions that you but legitimate tax deductions probably didn't know about, but just for those who itemize deductions on their tax might save you some extra cash this filing season. 1 A Whale of a Deduction As of 2004, whaling captains are eligible for up to $10,000 in deductions on ship repairs, as well as equipment purchases and other whaling expenses. However, since whaling in the United States is banned for all but Native American cultures, you might find it a bit difficult to make this one work for you or your boat. 2 Pet Moving When relocating for a new job, most people are wise to the fact that your moving expenses are tax deductible. What you may not be aware of is that the cost of moving your pet is also included in this write off. 3 Does Your Child Have an Overbite? If so, you might want to enroll them in clarinet lessons. Both the clarinet and music lessons are tax deductible thanks to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child's overbite and thus may qualify as a medical expense. The Not So Money Pit Home swimming pools have been nicknamed "the money pit" for as long as anyone can remember. But if you have a medical condition that a swimming regimen could help alleviate, your money pit may qualify as a tax deduction. Quitting Smoking Just Got a Lot More Enticing With the New Year comes New Year's resolutions. One of the most common resolutions is to quit smoking. What you may not know is that the IRS may just give you the added encouragement to finally kick the habit. That's right, you may be able to deduct the cost of any smoking cessation programs, patches or aides. 6 Charity Work Can Lead to Deductible Childcare Ever wanted to do some charity work for a non-profit, but never have the time due to family? If so, you might be surprised to find out that you can deduct child care costs from your 1040. In other words, you can pay someone to babysit your kids while you work a job that gives no pay, and you may be able to write it off. 7 Even Criminals can Deduct! Made famous by the trials of celebrity criminals, most everyone knows criminals are technically required to pay taxes on their ill gotten gains. What you may not be aware of, however, is that if caught, you may be able to write off your legal defense. 8 Getting In Shape Courtesy of the IRS Has your doctor told you lately that your health, or even your life, could be in jeopardy due to your physical condition? If so, you may be able to deduct the cost of just about any remedy to drop a few pounds, lower your cholesterol, improve your heart rate, and everything in between if your doctor signs off on it. BEWARE! 9 Man's Best Friend As a business owner, if you use an animal to protect your property you may be able to deduct a portion of the cost of caring for the animal from your taxes each year. GUARD DOG ON DUTY! 10 Deduction from Enlargement In 1988, a stripper claimed a $2,088 deduction for breast enlargement surgery stating it was a business expense. After initially being denied the deduction, she appealed and the tax courts ruled it was in fact deductible as a business expense. This opened the door for anyone in the adult entertainment industry to possibly write off cosmetic surgery if it can be reasonably claimed that the result will make them more money in their business venture. SOURCES: Newsweek; Signsonsandiego.com; Business Week; Kiplinger

10 Strange (but Legitimate) Tax Deductions

shared by amie on May 13
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Itemized tax deductions come in many forms and the odder your job the chances are the odder your deductions will be. This list highlights some of the stranger but completely legitimate tax deductions...

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Economy
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