Do you know which items you can deduct?
You can deduct repairs to your residence as an itemized deduction on your income taxes.
- True
- False
People who have more children pay lower taxes than those who have fewer children.
- True
- False
You can deduct the cost of your facelift as a medical expense on Schedule A, Itemized Deductions.
- True
- False
If you're in the process of getting a divorce as of 12/31, you can file your taxes as "single" if you no longer live together.
- True
- False
Property taxes on your personal residence are deductible.
- True
- False
You must report child support you receive as income on your taxes.
- True
- False
You must report alimony you receive from your ex-spouse as income on your taxes.
- True
- False
If you pay your friend's mortgage for a year, you can take the deduction for his mortgage interest on your income tax return.
- True
- False
The cost of a vasectomy is deductible as a medical expense on Schedule A, Itemized Deductions.
- True
- False
The cost of tuition to send your child to private, not-for-profit school is deductible as a charitable contribution.
- True
- False
Your Social Security number on your tax return must match the number on your W-2 in order for your refund to be processed by the IRS.
- True
- False
Anyone who lived with you for the whole year can be claimed as a dependent on your tax return.
- True
- False
If you participate in a "work from home" business opportunity, youll be able to deduct personal expenses like your cell phone bill, heating bill, and home repairs as business expenses.
- True
- False
If you volunteer for a charity, you can take a deduction equal to your hourly rate at your regular job, times the number of hours you worked for the charity.
- True
- False
If you lived outside the United States all year, you don't have to file a U.S. income tax return.
- True
- False
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