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2. Can I Deduct Rent on My Taxes? - AOL

   www.aol.com/deduct-rent-taxes-150852292.html

   If you're wondering whether you can deduct your rent on your taxes, the short answer is yes. You can deduct rent if you live in a state that allows it. However, only 22 states offer this type of ...

3. Taxation of illegal income in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_of_illegal_income...

   A person with income from selling a Schedule I substance is allowed to take a tax deduction for the cost of goods sold but not any other tax deductions. [19] [21] Unlike for other business activities, tax deductions are not allowed for ordinary and necessary business expenses such as rent, utilities, and advertising.

4. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   Adjusted gross income is gross income less deductions from a business or rental activity and 21 other specific items. Several deductions ( e.g. medical expenses and miscellaneous itemized deductions) are limited based on a percentage of AGI. Certain phase outs, including those of lower tax rates and itemized deductions, are based on levels of AGI.

5. Home mortgage interest deduction - Wikipedia

   en.wikipedia.org/wiki/Home_mortgage_interest...

   Home loan interest portion is deductible (under section 24 (b)) up to 150,000 rupees in a tax year for acquiring or constructing a property. The deduction is available only when the construction is complete or the owner takes possession of the property. Interest of pre-construction period is deductible in five equal installments.

6. What Retirees Need To Know While Filing Taxes for ... - AOL

   www.aol.com/retirees-know-while-filing-taxes...

   Typically, retirees with rental properties can deduct various operating expenses, like utilities and gardening to upkeep their home, on their taxes. Where they stand to receive the greatest tax ...

7. Is homeowners insurance tax deductible? - AOL

   www.aol.com/finance/homeowners-insurance-tax...

   Property taxes: Typically, state and local real property taxes on primary and secondary residences are deductible if you itemize your tax return. For homes purchased on or before December 15, 2017 ...