Post by Erich on Apr 28, 2008 9:26:17 GMT -5
The following are just a few medical expenses that the IRS has held to be deductable on your taxes:
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A wig prescribed by a Psychiatrist
A face lift even when not recommended by your Doctor
Transportation to and from AA meetings
Insurance on Contact lens
Extra electricity costs for medically necessary equipment such as a whirlpool or Central Air conditioning
Practically all travel expense to and from dr, dentist, optician, hospital and pharmacy... including cost of and travel for getting vitiamins.... and cost of vitamins
Housekeeping salary/expense when filer is unable to perform work
A vacation your Dr prescribes as being for health reasons
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With the cost of gas so high we need to keep good records on anything remotely related to travel for our home business and health.
Remember that those of us who earn money online qualify as using our home for business purposes.
As a small business owner... you can deduct a percentage of your home expense that you use for your office. If you have six rooms in your home and one room is your office then you can deduct 15% of any and all expnses related to your home including maintenance and upkeep. This will include utiities and phone. Some people deduct 100% for their cell phone and internet access fee.
You will deduct 100% of the office equip and furniture in your office and a high percentage for your PC and printer...etc.
Most all vacations can be related in some way for business. Check out where conventions are held that you can go to... Las Vegas, Fla, and Calif are all popular spots for business conventions.
Erich
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A wig prescribed by a Psychiatrist
A face lift even when not recommended by your Doctor
Transportation to and from AA meetings
Insurance on Contact lens
Extra electricity costs for medically necessary equipment such as a whirlpool or Central Air conditioning
Practically all travel expense to and from dr, dentist, optician, hospital and pharmacy... including cost of and travel for getting vitiamins.... and cost of vitamins
Housekeeping salary/expense when filer is unable to perform work
A vacation your Dr prescribes as being for health reasons
===============
With the cost of gas so high we need to keep good records on anything remotely related to travel for our home business and health.
Remember that those of us who earn money online qualify as using our home for business purposes.
As a small business owner... you can deduct a percentage of your home expense that you use for your office. If you have six rooms in your home and one room is your office then you can deduct 15% of any and all expnses related to your home including maintenance and upkeep. This will include utiities and phone. Some people deduct 100% for their cell phone and internet access fee.
You will deduct 100% of the office equip and furniture in your office and a high percentage for your PC and printer...etc.
Most all vacations can be related in some way for business. Check out where conventions are held that you can go to... Las Vegas, Fla, and Calif are all popular spots for business conventions.
Erich