Weekend Assignment #55: The IRS, in its infinite wisdom, is allowing you to deduct one thing from your taxes that you haven't been able to deduct before -- anything you'd like. What do you deduct and why? Yes, anything. And your reason for deducting it doesn't even have to be good -- this isn't an audit, you know. I'm just curious as to what you'd pick.
HOBBIES!!! All hobbies should be tax-exempt. This would cover my husband's tractor collection, my horse and all associated bills... and yes, even my computer!
Extra Credit: Do you wait until the last minute to do your taxes? Or did you have them done ages ago?
We usually have a refund coming, so I do our taxes as soon as we get our W-2's.
2 comments:
deduct hobbies?!! You are definately the smart one in the family! think of all the "junk" we would be able to get deductions for! http://journals.aol.com/pixiedustnme/Inmyopinion/entries/906
I think I might take up "jewelry" has a hobby....yes sir, I collect DIAMONDS now! LOL
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