Taxes - 10 Wackiest Tax Deductions
- 12 years ago
Taxes - 10 Wackiest Tax Deductions - as part of the news and politics series by GeoBeats.
Here are 10 bizarre tax deductions:
Number 10 - If you are over a 100 years of age in the state of New Mexico, you are exempt from paying income taxes.
Number 9 - If you were persecuted by the Ottoman Empire between 1915 and 1923, your settlement payments are tax exempt in the State of California.
Number 8 - In the Netherlands, residents can deduct the cost of getting trained in the art of witchcraft.
Number 7 - Kidnapped children are tax-deductible until they turn 18. However, the kidnapper must be a stranger and not a family member for this deduction to apply.
Number 6 - If your doctor asks you to swim for specific medical reasons, the cost of installing a swimming pool maybe tax deductible.
Number 5 - In Hawaii, if you plant a tree which is deemed exceptional, you can get upto $3000 of deduction for its upkeep.
Number 4 - In South Carolina, you get a $50 deduction for donating a butchered deer to charity.
Number 3 - While moving, your cost associated with transferring your pet is tax deductible as pets are considered part of your personal belongings.
Number 1 - In Australia, strippers and prostitutes can get a tax exemption on adult toys and lingerie.
Number 1 - Back in the US, If you loaned some money to a friend and there's no chance you'll be getting it back, it may be tax deductible.
Here are 10 bizarre tax deductions:
Number 10 - If you are over a 100 years of age in the state of New Mexico, you are exempt from paying income taxes.
Number 9 - If you were persecuted by the Ottoman Empire between 1915 and 1923, your settlement payments are tax exempt in the State of California.
Number 8 - In the Netherlands, residents can deduct the cost of getting trained in the art of witchcraft.
Number 7 - Kidnapped children are tax-deductible until they turn 18. However, the kidnapper must be a stranger and not a family member for this deduction to apply.
Number 6 - If your doctor asks you to swim for specific medical reasons, the cost of installing a swimming pool maybe tax deductible.
Number 5 - In Hawaii, if you plant a tree which is deemed exceptional, you can get upto $3000 of deduction for its upkeep.
Number 4 - In South Carolina, you get a $50 deduction for donating a butchered deer to charity.
Number 3 - While moving, your cost associated with transferring your pet is tax deductible as pets are considered part of your personal belongings.
Number 1 - In Australia, strippers and prostitutes can get a tax exemption on adult toys and lingerie.
Number 1 - Back in the US, If you loaned some money to a friend and there's no chance you'll be getting it back, it may be tax deductible.