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  2. ‘Dangerous’ and illegal tax advice on TikTok targets ...

    www.aol.com/finance/dangerous-illegal-tax-advice...

    A quick search on TikTok turns up videos baiting unassuming taxpayers with flashy text declaring "how rich people write off their dogs on taxes" and "how you can be non-taxable."

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

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

    Under the recent tax law, the deductibility of state and local tax payments for federal income tax purposes is now limited to $10,000 — or $5,000 for married taxpayers filing separately — in a ...

  4. 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 ...

  5. What Is a Tax Write-Off? - AOL

    www.aol.com/finance/does-mean-write-something...

    To demonstrate how tax write-offs work, Bench Accounting gave the example of an independent contractor who earned $60,000 in 2023: The self-employment tax of 15.3% is $8,478. (In general, only 92. ...

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

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

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

  8. Tax deductions 2017: 50 tax write-offs you don't know about - AOL

    www.aol.com/article/finance/2016/11/30/tax...

    Learn about the top tax write-offs for 2016, from student loan deductions to gambling deductions -- and even safety deposit box rentals.

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

    www.aol.com/news/write-off-taxes-000021015.html

    Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available for tax year 2019.

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