Several different big deductions, like charitable donations, educator expenses, health insurance premiums, energy savings home improvement credits, and even points on refinancing a home that many taxpayers overlook. In addition, many do not realize that they can make legal fees tax deductible to lower the amount they owe every April. Typically, tax deductible legal fees…
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People are always wondering if things are subsidized, taxed, or under some kind of rule or regulation that they may not be aware of. On August 29, the Wall Street Journal published stories about subsidies and tax deductions making it much easier for people in the world of medical care. While all of that is…
The tax deductibility of legal fees can vary on a case by case basis. If you have any questions, of course you should always consult a tax professional. That being said, there are a few general rules of thumb to remember so that you can know when to ask that professional. If any of these…