The deadline is here. Tax Time. Pay up. Slip a little something to Uncle Sam and give your fair share. Some of you might still be looking for additional deductions to help lower your tax bill or even help get you something back. Well, here ya go. Just be able to back it up.
Breast augmentation: Are you using them for “work?” A stripper deducted the cost of her procedure and a tax court judge ruled the operation could be claimed as business expense.
A new swimming pool: A person was able to deduct the cost of his pool due to the fact that he had been told by a doctor to develop an exercise regimen to help battle his emphysema. Hmm… I wonder if a hot tub could be deducted? Y’know…for my arthritis.
And my fave of the day- a girlfriend: Yup. A person who owned a bunch of rentals was able to deduct his live-in girlfriend who managed his properties. He was able to deduct $2500 of the $9000 he paid her. Now, if I can just get mine to go along with the title of “personal assistant.” Oh, and I guess I’d have to pay her. Damn loopholes.