We in Telegram
Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024
1 2 3 4
News Every Day |

Seven Things You Didn’t Realize You Can Claim on Your Taxes

Aside from being too damn high, our taxes are also too damn complex—more complex than the tax codes in other countries. It takes individuals an average of 13 hours to prepare their tax returns each year, and even so, the Internal Revenue Service (IRS) reports 17 million errors in 2022 alone. Adding to that complexity is the fact that the tax code changes every year. It's no wonder most people have to rely on tax prep software or an expensive accountant to get their taxes done.

Worst of all, the complexity of our tax system means we’re bound to miss out on opportunities to save money. There are a lot of things you can claim as deductions on your taxes, especially if they’re professional expenses (a bodybuilder managed to deduct nearly $14,000 from his taxes for body oil he’d purchased, for example) or medical expenses (if you have a condition that can be benefited from installing a pool in your backyard, for example, you can claim the pool as an expense). But there’s a short list of stuff you can claim on your taxes that will probably come as quite the surprise.


When you hear the word “ransom” you might think of billionaires or celebrities being kidnapped (or their very expensive dogs), but these days we’re all potential victims of ransomware, which encrypts a hard drive and demands a payment for the key. If you fall victim to a scam like that, there’s at least a tiny silver lining: Your ransom payment is very likely tax deductible, especially if it involves a business (and if you’re a freelancer of some sort, remember that you are a business). That’s because ransom is considered a form of theft. You’ll probably have to prove the ransom was paid, but getting at least some of your money back can take the sting out of getting got.


No, you can’t just submit all your pet’s veterinary bills and food bills. But if you can believably claim that your pet plays some sort of official function, you can probably claim at least some of the expense of keeping them. For example:

  • If your pet is officially a service animal or emotional support animal, you can claim them on your taxes. You can’t simply submit that your dog is an “emotional support” animal, however—you’ll need a legit diagnosis to make this work.

  • If you acquired an animal to perform a specific function, like a guard dog or a cat brought in to bring a local mouse problem under control, you can probably claim their upkeep as a business expense (sorry, even if your fierce husky’s bark keeps your home safe at night, it probably won’t fly as a personal deduction). Keep in mind that the breed of dog will matter here—the IRS won’t believe your tiny, shivering lapdog is keeping your home or business safe.

  • If you have to move because of a job change, depending on how far away you have to move and how many hours you work at your job, you might be able to claim your pet’s moving expenses on your taxes.

Sales tax

It’s kind of mind-bending, but you can claim taxes you’ve paid on your federal taxes. If you’ve heard of the state and local tax (SALT) deduction, you might know that you can claim taxes paid to states or local governments. But you might have the option to claim sales taxes instead (you generally can’t claim both). The choice to claim sales taxes instead of other taxes comes down to a) whether your state has an income tax and b) how much sales tax you paid last year. If you made a big purchase and got walloped with a huge sales tax on it, this might be the move.

Health insurance

If you’re self-employed, you’re familiar with the horrors of finding and paying for your own health insurance. Even after the Affordable Care Act of 2014 and the American Rescue Plan Act of 2021, it’s still a lot of money that you really have zero choice but to pay. The good news is that if you’re self-employed you can also deduct 100% of your health insurance premiums, which can really reduce the amount of federal tax you owe.

Home sale

Did you sell a house last year? You probably know that you can exclude $250,000 of the sale price from your income ($500,000 if you’re married and filing jointly). But you can also reduce the taxable income from the sale with most of the costs incurred by the act of selling the house, including:

  • Commissions paid to real estate agents

  • Legal fees

  • Bank and escrow fees

  • Advertising spend

  • Home staging

  • Repairs and renovations, as long as they were made within 90 days of closing

Gambling losses

The idea of getting something back for your gambling losses seems to go against the idea of what gambling is, but there you have it: If you’re a “casual gambler” (i.e., you don’t make a living from gambling), just as you have to declare your winnings as income, you can claim your losses on your taxes. The main thing to keep in mind is that you can only claim losses up to the amount of your winnings (so if you won $50,000 last year but lost $75,000, you can only claim $50,000 worth of losses)—and you have to have receipts.

Bad debts

You don’t have to be a business to claim a bad debt on your taxes. If you loaned money or paid for a service you didn’t receive, you can claim the loss on your taxes as a nonbusiness bad debt reduction. You have to be able to prove the debt, prove you made good faith attempts to collect, and provide a detailed description. If it’s money you lent to someone, you’ll also have to convince the IRS that it was a loan and not simply a gift you’ve come to regret—and gifts aren’t tax deductible. That usually means interest is charged, or that you have a document laying out the terms of the loan.


PIF и ATP объявили о стратегическом партнерстве для роста мирового тенниса

Bibury Village and Arlington Row Walk, English Countryside 4K

Drawing A Heart Flower For Mother's Day - Preschool

Unbelievable Moroccan Food! Don’t Miss This Food - Sahara Desert!

I’m a former world darts champion.. my pants are killing my Premier League dream, it’s doing my nut in


Read also

Hamas arrives in Cairo for ceasefire talks with deal ‘on the table’

Marin City supermarket prepares to launch

UK Open Darts: Dimitri Van den Bergh beats Luke Humphries in last-leg epic for second major title

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Unbelievable Moroccan Food! Don’t Miss This Food - Sahara Desert!

Today24.pro — latest news 24/7. You can add your news instantly now — here

News Every Day

Bibury Village and Arlington Row Walk, English Countryside 4K

Sports today

Новости тенниса
Дарья Касаткина

Теннисистка Касаткина раскритиковала правила из-за дисквалификации Рублева

Спорт в России и мире

«Динамо» обыграло «Локомотив» и сократило отставание от лидирующего «Краснодара»

All sports news today

Sports in Russia today


«Динамо» обыграло «Локомотив» и сократило отставание от лидирующего «Краснодара»

Новости России

Game News

Call of Duty has already thrown King Kong, Godzilla, and Nicki Minaj into its brand synergy blender, so a Warhammer 40,000 crossover is next



Meta* засудят организации по защите прав потребителей в восьми европейских странах

Губернаторы России

Издательство «Четыре» подвело итоги литературной премии «Наследие литературы XXI века» – 2023

Армянское начальство лелеет ЛГБТ ставленников ЕС

Европейская миссия ведет Армению на заклание

Жители Швейцарии на референдуме проголосовали за выплату 13-й пенсии ежегодно

Заварзин: Абаскаль бегает себе во время матчей вдоль бровки, обычный

��� � ������ ��������������� �������� �� Noize MC*

Концерт «Под музыку Вивальди» в в Эрмитажном театре

Певица Наташа Королева призналась, что ее грудь выросла к 50 годам

Певец Юрий Лоза признался, что ему интересны новые аранжировки Пугачевой

Теннисиста Рублева дисквалифицировали за оскорбление судьи на турнире в Дубае

Рублев лишится места в топ-5 рейтинга ATP после дисквалификации на турнире в ОАЭ

Рублева дисквалифицировали по ходу полуфинала турнира ATP в Дубае за оскорбление линейного арбитра

WTA сделала заявление о Елене Рыбакиной перед турниром в США

Провести свой КОНЦЕРТ. Провести концерт в Москве.

Тариф – Концерт. Провести свой Концерт.

Шапки женские вязаные на Wildberries, зима 2024 — новый цвет от 392 руб. (модель 466)

Сдали Нагорный Карабах Алиеву: это по-союзнически!

При поддержке Фонда Президентских грантов в Самарской области проводятся инклюзивные спортивные занятия для детей с особенностями ментального развития

На улицах Газпрома и Паспаульской в Горно-Алтайске начали прокладывать газопровод

Хлусевич: тренер Абаскаль объяснил, почему он смотрел матч с "Зенитом" в Москве

Армия Армении ЛГБТ+

В Москве и Санкт-Петербурге возможны северные сияния из-за магнитной бури

Жители Подмосковье зафиксировали северное сияние

Конгресс США согласовал бюджет страны до конца финансового года

Жители Подмосковья показали фотографии северного сияния

Путин в России и мире

Персональные новости Russian.city
Анастасия Волочкова

«У вас анорексия?» — Волочкова попала под шквал критики из-за фото в образе жар-птицы

News Every Day

Bibury Village and Arlington Row Walk, English Countryside 4K

Friends of Today24

Музыкальные новости

Персональные новости