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  2. Tax Deductions: IRS Highlights Options for Business Travelers

    www.aol.com/tax-deductions-irs-highlights...

    There are more business travel tax deductions available to workers than you might realize. As a general rule, most costs associated with business travel -- such as transportation, lodging and ...

  3. Work From Home Tax Deductions: How To Claim Them - AOL

    www.aol.com/finance/home-tax-deductions-claim...

    Calculate your deductions: You can use Form 8829 for this. Once you’ve done this, be sure to fill out the correct form (or forms): For self-employed: Claim this deduction on your Schedule C ...

  4. Employer transportation benefits in the United States

    en.wikipedia.org/wiki/Employer_transportation...

    An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.

  5. 13 Tax Deductions You Can Take Without Itemizing - AOL

    www.aol.com/13-tax-deductions-without-itemizing...

    The deduction for alimony payments is no longer in effect, but if you have an older dissolution agreement, you may be in luck. Divorce decrees before Dec. 31, 2018, still allow for the deduction ...

  6. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1] If an expense is not deductible, then Congress considers the cost to be a consumption expense. Section 162(a) requires six different elements in order to claim a deduction. It must be an 1) ordinary 2) and necessary 3) expense

  7. Itemized deduction - Wikipedia

    en.wikipedia.org/wiki/Itemized_deduction

    There are 12 deductions listed in 26 U.S.C. § 67(b). These are not miscellaneous itemized deductions, and thus not subject to the 2% floor (although they may have their own rules). Any deduction not found in section 67(b) is a miscellaneous itemized deduction. [7] Examples include:

  8. Per diem - Wikipedia

    en.wikipedia.org/wiki/Per_diem

    Per diem (Latin for "per day" or "for each day") or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer's business.

  9. Mileage Reimbursement Rate for 2025: What To Expect - AOL

    www.aol.com/mileage-reimbursement-rate-2023...

    You can deduct medical expenses that exceed 7.5% of your adjusted gross income if you itemize your deductions . Charitable mileage rate: 14 cents per mile driven while volunteering for a qualified ...