People are always asking me what they can and cannot claim on their taxes so I thought I would put a list of items that are NOT deductible on the blog. These are items you cannot claim on your taxes and this list came directly from the IRS website.
Nondeductible Expenses
List of Nondeductible Expenses
- Adoption expenses.
- Broker's commissions that you paid in connection with your IRA or other investment property.
- Burial or funeral expenses, including the cost of a cemetery lot.
- Campaign expenses.
- Capital expenses.
- Check-writing fees.
- Club dues.
- Commuting expenses.
- Fees and licenses, such as car licenses, marriage licenses, and dog tags.
- Fines and penalties, such as parking tickets.
- Health spa expenses.
- Hobby losses—but see Hobby expenses, earlier.
- Home repairs, insurance, and rent.
- Home security system.
- Illegal bribes and kickbacks—see Bribes and kickbacks in chapter 11 of Publication 535.
- Investment-related seminars.
- Life insurance premiums.
- Lobbying expenses.
- Losses from the sale of your home, furniture, personal car, etc.
- Lost or misplaced cash or property.
- Lunches with co-workers.
- Meals while working late.
- Medical expenses as business expenses other than medical examinations required by your employer.
- Personal disability insurance premiums.
- Personal legal expenses.
- Personal, living, or family expenses.
- Political contributions.
- Professional accreditation fees.
- Professional reputation, expenses to improve.
- Relief fund contributions.
- Residential telephone line.
- Stockholders' meeting, expenses of attending.
- Tax-exempt income, expenses of earning or collecting.
- The value of wages never received or lost vacation time.
- Travel expenses for another individual.
- Voluntary unemployment benefit fund contributions.
- Wristwatches.
Do you have tax questions? Feel free to post them here or email me at Tami@highbaughtax.com
Tami Highbaugh-Abdullah
Highbaugh Tax
317.345.4182
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