Questions tagged [eligible-expenses]
Eligible Expenses tag is for questions dealing with expenses that qualify for a benefit or is allowed. Generally a tax question but could be for medical expenses, etc. Be sure to include additional tags to indicate what category of eligible expenses the question is about.
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Medical expenses filed as losses for small business
I am looking at starting a small business. I have some upcoming medical expenses and would like my small business to provide health care as a benefit (US). Is there any issue with:
Start my LLC
Have ...
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Does temporary lodging qualify as a moving expense for California tax deduction?
Does anyone have a detailed source for what qualifies as a moving expense for California state tax purposes?
I moved to California from outside the US and when I arrived I stayed in temporary lodging (...
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Augusta Rule, 280a - Can I rent my primary residence to my business if I am a Renter on that property myself?
Heading says it all -
I rent my primary residence(I am a renter), and am wanting to rent it to my business (Scorp) for business meetings 14 days of the year. Does this still qualify for both the ...
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How to handle a hobby that makes income in US
Suppose a US hobby artist consistently has more expenses than income, so the activity does not qualify as a business. But suppose the hobby has income from selling paintings. How should the artist ...
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Taxes on cash back credit card rewards
Me and a friend discussed a potential loop hole in cash back credit cards. I want to write up a research article to pursue this further.
Lets says I have a credit card with 10% cash back rewards. I ...
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Medical transportation expenses (mileage) for an elderly relative
We have driven an elderly relative to her medical visits, because she cannot drive herself, and needs help communicating with medical staff. She is not our dependent, however.
We have a Health Savings ...
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Is room and board a qualified expense?
My daughter recently started college, and I'm looking at paying for it out of her 529 account.
A significant part of the cost is room and board. The IRS website about qualified educational expenses ...
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Hospital Payment Plan - FSA account
I have a large hospital expense coming up in the next week and was planning on signing up for a monthly payment plan.
Currently, I am not enrolled in FSA account for the 2019-2020 period. We are in ...
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Must 529 withdrawals be made the same year as student loan payments to avoid taxes and/or penalties?
Background
The tax law definition for Qualified Higher Education Expenses (QHEE) was amended (signed into law in December of 2019) to include student loan payments (to a maximum of $10,000).
529 ...
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Is the company asking me to commit fraud by asking me to apply for reimbursement of half of trip expenses paid entirely by my colleague?
Recently, I traveled on company business with a colleague. To save money, we agreed to share a hotel room. My colleague booked and paid for the accommodation in its entirety. I paid nothing for the ...
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Dependent Care FSA Reimbrusement
I had FSA with past employer from Jan to Sept 2019 and then switched Job with new employer and started FSA amount with the rest of the limit. All my dependent care expenses were till Sept 2019 but ...
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Does an HSA have to be used exclusively for medical expenses
I had an HSA last year. This year I have health insurance through ACA. Does the HSA money have to be used exclusively for medical expenses?
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What's an "accountable advance"?
Tax Planning for You and Your Family 2019 by KPMG. p 196.
12.2.3 Allowances and advances for automobile expenses
If you receive a reasonable allowance for automobile expenses, the
allowance will not ...
user40527
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Can you claim books as a business expense?
Bill Gates reads hundreds of books a year, most, if not all of which are books that directly help him with his work. In his case, it probably doesn't matter, but for the rest of us, buying hundreds of ...
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Is it true trips for YouTubers are tax deductible, while investment research costs are not?
In USA, for a YouTuber who earns US$60,000 per year for making Pokemon Go videos on YouTube and takes about 8 trips to Japan, Europe, Taiwan, Chicago, sometimes not because there is a Pokemon Go event,...
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