WebResidentNo11 • 49 min. ago. No, you can't, sadly. There's only the education deduction based on the T2202 (or some similar number) that you can download from your school. … WebJan 11, 2024 · How Credits and Deductions Work. It's important to determine your eligibility for tax deductions and tax credits before you file. Deductions can reduce the amount of your income before you calculate the tax you owe. Credits can reduce the amount of tax you owe or increase your tax refund. Certain credits may give you a refund even if you …
2024 complete list of small-business tax deductions
WebMar 6, 2024 · The nonrefundable EV tax credit ranges from $2,500 to $7500 for tax year 2024 and eligibility depends on the vehicle’s weight, the manufacturer, and whether you own the car. For tax year 2024 ... WebJul 27, 2016 · Massachusetts – Textbooks are tax exempt. Michigan – Textbooks sold by a school to K-12 students are exempt. Minnesota – Textbooks are tax exempt. … mortimers of craigievar
As a student, can I claim my school textbook expenses? : r/tax
WebResidentNo11 • 49 min. ago. No, you can't, sadly. There's only the education deduction based on the T2202 (or some similar number) that you can download from your school. That, at least, carries forward what you don't use, and you can also transfer a portion of what you don't use to a parent or guardian. PancakesOfSuburbia • 9 min. ago. WebJan 21, 2024 · For the 2024 tax year, you could deduct interest expenses up to an amount equal to 50% of your taxable income. For the 2024 tax year, you can deduct interest expenses up to an amount equal to 30% of your taxable income. If your small business lost more money than it earned in 2024, you can no longer count the entire net loss as a … WebGet unlimited advice from live tax experts as you do your taxes, or let an expert do it all for you, start to finish. Learn more. TurboTax blog. Learn about the latest tax news and year-round tips to maximize your refund. Check it out. … minecraft\u0027s birthday