7 Strange but Serious Tax Deductions That Worked
Tax time is sneaking up on us once again. While your return is not due for another few months, it is always a good time to think about unique deductions that might help you save a little come tax day. We have compiled a list of deductions that might seem strange or unusual at first glance, but have actually worked for some taxpayers and could be your ticket toward a lower tax bill come April!
- Moving costs – for your pet: Your pet is considered your personal property, so when it comes to relocating for a new job, you can actually deduct the expenses related to moving your furry friend.
- Business trip – to Bermuda: This one is amazing. If you are part of a business that holds an annual meeting or convention, you can write off the costs without even giving the IRS a good reason that the meeting needed to be held there…seriously! And Bermuda is not the only location – choose from any of the following: Barbados, Costa Rica, Dominica, the Dominican Republic, Grenada, Guyana, Honduras, Jamaica, Saint Lucia, Trinidad and Tobago, Canada, Mexico and all other U.S. possessions. Outside of the US…no dice!
- Babysitting costs: If you are planning to do some volunteer work for a charity, you can deduct the cost of a sitter!
- Plastic Surgery: So, if you happen to be in a business where your looks get you tips or income – say a stripper – you can actually deduct the cost of a breast augmentation. The IRS sees this as a prop for your job and allows the deduction.
- Your own swimming pool: If you have been told to exercise by your doctor or told that swimming would be an ideal exercise regimen for you, you may be able to actually deduct the cost of the pool as well as normal upkeep!
- Body oil: If you need to purchase body oil as a part of your job (perhaps you are a bodybuilder), then you can deduct the cost of the oil as a business expense
- Guard dog…or cat: If your business uses a guard dog to help reduce your vulnerability to theft or uses a cat to get rid of a snake or rat problem, then you can deduct general expenses for this animal (food, etc.). The rule of thumb here is that the pet has to be providing a useful business service.
Have Success Tax Relief Check Your Deductions
As you might expect, the more unusual the deduction, the harder the IRS may look at it, so it is always a good idea to consider getting another set of eyes to look at your return before you submit it. Success Tax Relief has been in business for more than 30 years and has seen it all. We can help determine if you are really eligible for a particularly unusual deduction and help you come up with other potential deductions that you may have missed. Before you submit your taxes this year, call Success Tax Relief at 877-825-1179.