Are legal fees a tax deduction? Many times people come in and they've had to pay legal fees to get a will trust, maybe had to settle some…
Listen
Tax questions
Deductions & credits
What you can write off, which credits you qualify for, and the paperwork that proves it.
All topics
IRS letters & problems
Deadlines & filing
Deductions & credits
Small business & self-employed
Real estate & rentals
Retirement & Social Security
Family & education
Estate, gifts & inheritance
Investments & capital gains
Bookkeeping & payroll
Health & insurance
352 answers
Can I claim a tax deduction for college tuition? Absolutely. If you're an individual and you're the taxpayer, you may be able to qualify for tuition and fee…
ListenCan I claim a tax deduction for a newspaper subscription? This is an email had just received the other day. And I thought it was kind of interesting…
ListenOne-minute answer
Can Grandparents Get A Tax Deduction For Contributing To A 529 Plan?
Deductions & credits
Can grandparents get a tax deduction for contributing to a 529 plan? Yes, grandparents can claim the deduction for contributing to a 529 plan if they live in…
ListenCharitable contributions. Many people kept saying they're not deductible, they're not deductible. Well, that's not true. The fact is they are deductible. The difference is that you have…
ListenCan tax deductions be carried over? Well, in most cases the answer is going to be no. You can carry forward charitable contributions that exceed 50% of your…
ListenHome office. You know, for many years, we've been taking home office for small businesses as a deduction. But coming about five years ago or so they came…
ListenSome of our popular deductions and credits did change last year. Remember dependent exemptions? Gone. That was the $4,050 for each person that was a qualified child in…
ListenIs there a homebuyer's credit? No longer. In 2007 there was one and we had to pay back $500 every year and then in 2008 they gave another…
Listen
Radio Show
Apr 4, 2020
Another episode of the Dr. Friday show is here, and she is ready to help you answer all your questions! She gives you all the new tax information…
#Stimulus Checks#Family Property Transfers#Self-Employed Unemployment Benefits#Property Lien Removal
ListenVirtual currency owners are advised that they are sending out a letter a 6173 or 6174 to pay back taxes. That's right. You could very likely be the…
ListenThere's a new tax form for filers taking the qualified business income deduction. The 20% right offers self-employed individuals and owners of the past two entities. The form…
ListenAsk Dr. Friday
Have a tax question of your own?
Send it in. Questions may be answered on an upcoming episode or video, first name only.