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2. Is Car Loan Interest Tax Deductible? - AOL

   www.aol.com/finance/car-loan-interest-tax...

   Car loan interest is tax deductible, but only if you're a business owner or self-employed. Find out how to file your taxes if you own a car for business.

3. Write off your mileage? The IRS expands the deduction for ...

   www.aol.com/finance/write-off-mileage-irs...

   The IRS has given at least one tiny glimmer of hope for your 2023 finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs.. See: The Best Month To ...

4. I'm a Business Owner. What Expenses Can I Write Off on My Taxes?

   www.aol.com/write-off-expenses-businesss-taxes...

   For example, if your business owns a car worth $10,000 and it gets destroyed, you might write that vehicle off on your taxes. The same is true if someone owes your business $10,000 in payments.

5. Write-off - Wikipedia

   en.wikipedia.org/wiki/Write-off

   In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by ...

6. Is car insurance tax deductible? - AOL

   www.aol.com/finance/car-insurance-tax-deductible...

   If your car is used for both business and personal purposes, you will need to use the standard mileage rate to calculate how much you can write off. It gives approved cents-per-mile expenses for ...

7. 15 Self-Employment Tax Deductions You Should Know - AOL

   www.aol.com/15-self-employment-tax-deductions...

   There are dozens of self-employment tax deductions, including advertising, retirement contributions, health insurance, self-employment tax deduction, travel expenses, business insurance, car ...

8. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...

9. What Can I Write Off on My Taxes? - AOL

   www.aol.com/finance/write-off-taxes-090021611.html

   Find Out: What Are the 2020-2021 Federal Tax Brackets and Tax Rates? Although certain tax deductions remain relatively stable from year to year, others change or disappear entirely, while new ones ...