Currently, you can’t claim hobby expenses under the IRS rules.
Personal Deductions
Can You Take a Tax Deduction for Animal Charity Gifts?
If you buy an animal charity gift, you may be able to take a tax deduction, but there are rules you have to follow.
Charitable Contribution Rules for 2022: Back to Normal
The rules for charitable donations were expanded in 2021 as part of COVID-19 recovery. In 2022, the rules will be back to normal. Here’s what
Can You Take a Tax Deduction for Youth Sports?
Youth sports are insanely expensive. Does this mean you get a tax deduction?
Can You Deduct Extra Electricity and Water Costs When Working From Home?
If you work from home, you may be able to deduct the costs of keeping the lights and air conditioner on all day depending on whether you’re an employee or independent contractor.
Are Donations to the Knights of Columbus Tax Deductible?
The Knights of Columbus is a registered 501(c)(3) not-for-profit organization. Donations to the Knights of Columbus may be tax-deductible depending on what the money goes
What Tax Benefits Do You Get When Buying a Home?
Buying a home buys you a lot of tax benefits. Here’s what you can claim and a few things you can’t. Get Early Access to
How to Avoid Capital Gains Tax
When you sell an investment, home, or other property for more than you bought it for, you may have to pay capital gains tax. That’s
Can I Take a Tax Deduction for Hurricane Expenses?
If you’re in the path of a hurricane, you may face expenses as you prepare and as you recover. Here’s some of the tax relief
Can I Write Off My Laptop for School on My Tax Return?
If you bought a laptop for school, you might want to write it off when you file your taxes. There’s no direct deduction for a
