deductions

Summer Deductions

Summer Deductions Don’t forget to deduct these summer expenses: Children’s toys: baseball, basketball, Frisbee, riding toys, scooters, etc. Children’s activities: admission charges for museum/zoo/recreation center/swimming pool, burn spray or lotion, picnics Children’s equipment: swing set, picnic table, playhouse, wading pool,… Read More ›

Is a Summer Barbecue Deductible?

Is a Summer Barbecue Deductible? Let’s say you are planning a barbecue party later this summer. You want to invite the parents of the children in your care as well as your neighbors. Can you deduct any of the costs… Read More ›

What Can You Deduct as a Utility Expense?

What Can You Deduct as a Utility Expense? Cable television, electricity, garbage (pick-up costs or costs to take garbage to a dump), gas, Internet, kerosene, oil, propane gas, recycling fees, sewage disposal, and second phone line. In general, deduct the… Read More ›

What Can You Deduct as a Home Repair or Maintenance?

What Can You Deduct as a Home Repair or Maintenance? Asphalt repair of driveway, carpet-cleaning service, central security alarm system (installation and monthly fee), corner wall guards, cupboard latches and locks, deck staining, dehumidifier, electrical fuse replacement, floor sanding, furnace… Read More ›

What Office Expenses Can You Deduct?

Office expenses appear as a business expense category on the IRS Form Schedule C, line 18. What expenses might you have that you can deduct on this line? Adding machine, tape Bank charges (checks, monthly account fees, bounced check fee)… Read More ›