Tag Archives: Itemized Deductions

CCH Identifies 10 Deductions That Make It Easy to Reduce Your Taxes

Courtesy of CCH – they write some of THE best material! (RIVERWOODS, ILL., February 17, 2011) – Whether you itemize or take the standard deduction, there are plenty of above-the-line deductions that can mean even greater tax savings, according to CCH, a Wolters Kluwer business and the leading global provider of tax, accounting and audit […]

Deducting Wedding Expenses

Today TaxMama hears from Rick in the TaxQuips Forum, with two questions. “1) I got married in 2010 and had over $25,000 in wedding expenses. Is any of this tax deductible? 2) I purchased a used car in 2010 and paid $500 in taxes. Is any of this deductible?”

Per Diem Income

Today TaxMama hears from Scot in Los Angeles who tells us, “I am working on a television show that is moving around the American north west. Our crew is receiving $40 a day each in per diems. Should this money be taxed? If yes, will members of the crew who don’t itemize lose money?”