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19 Believe It or Not Tax Breaks

December 21, 2021

From the Kiplinger website

As you struggle with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, don’t you sometimes think about taking a few flights of fancy? We’ve all done it, conjuring up in our heads miraculous tax write-offs until we’re brought back to reality. “Can I claim a deduction for all those blood donations at the Red Cross?” Nope. “How about a charitable contribution for all the time I donate to the church?” No, again. “Can I claim my dog as a dependent?” (This was asked years ago by the author’s mom.) Come on!

On the other hand, your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn’t even imagine, ranging from cat food to body oil used by a professional bodybuilder.

Here are 19 of our favorites.

From → Finance

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