Tax Expenses - Nondeductible
It is often not clear whether a certain tax expense might qualify as a tax deduction
or not. Here is a list of tax expenses that are most likely nondeductible on a federal
and/or state income tax return.
Please find links at the bottom to other tax deductions.
Nondeductible expenses include:
- Adoption expenses
- Broker's commissions for IRA or other investment property
-
Burial or funeral expenses
- Campaign expenses
- Check-writing fees
-
Club dues
- Commuting expenses
- Fees and licenses
- Fines and penalties
-
Health spa expenses
- Hobby losses
- Home repairs, insurance, and rent
-
Home security system
- Illegal bribes and kickbacks
- 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
- 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 earning or collecting
- The value
of wages never received or lost vacation time
- Travel expenses for another individual
-
Voluntary unemployment benefit fund contributions
- Wristwatches
Tax Expenses that might qualify as a tax deduction
Additional details about miscellaneous deductions