Saturday, March 17, 2018

Are games and hobbys tax deductible?

"Generally, you can only deduct your hobbyexpenses up to the amount of hobby income. If your hobby expenses are more than your hobby income, you have a loss from the activity. You can't deduct the loss from your other income."
IRS, Sep 27, 2017

https://www.irs.gov/newsroom/five-basic-tax-tips-about-hobbies

https://www.irs.gov/credits-deductions/individuals/qualified-ed-expenses

http://m.cleveland19.com/story/14367652/top-tax-write-offs-that-could-get-you-in-trouble-with-the-irs

https://www.efile.com/legitimate-tax-breaks-and-unusual-extraordinary-qualified-tax-deductions-and-tax-exemptions/

http://www.nbcnews.com/id/34848380/ns/business-personal_finance/t/odd-tax-breaks-may-save-you-cash/

https://www.workandmoney.com/s/overlooked-tax-deductions-1ce90d4cc30d4741?utm_medium=cpc&utm_source=goo&utm_campaign=taxdeductions-g936cee64df18e51&gclid=CjwKCAjw-bLVBRBMEiwAmKSB89a6XERIlB3u40csyXs5JJbUE_doVDzfTy12Iw67nqTHw6YHsvM6nxoCkcEQAvD_BwE

https://www.vox.com/the-big-idea/2017/12/20/16802134/republican-tax-plan-tricks-loopholes-inefficiency-accountants

https://turbotax.intuit.com/tax-tips/health-care/medical-expenses-checklist/L6MkxxlyW

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