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Contrary to popular knowledge, you cannot deduct political contributions from your taxes. This is true for both individuals and businesses. The IRS specifically notes that these types of donations are not tax-deductible. While you can’t get a deduction for giving money to a candidate or party, there are other ways

Car repairs are tax-deductible as part of a group of vehicle-related expenses. Individuals who may claim a tax deduction for automobile costs are limited. Under Section 212 of the Internal Revenue Code, taxpayers may deduct the cost of making minor repairs to their property used in carrying on a trade

When it comes to taxes, there are a lot of different rules and regulations that you need to be aware of. One question you might have is am I exempt from federal withholding? The answer to this question depends on a few different factors, including your income and your filing

Is Car Insurance Tax-Deductible Yes, car insurance is deductible. The cost of your car insurance premiums can be deducted from your tax return as a business expense. This covers standard liability and any additional coverage, including collision or comprehensive insurance. Is it possible to deduct your car insurance from your