11. No other deductions would be allowed. 12. No deductions are allowed for personal use of the vehicle. 13. One solution, Steuerle said, would be to require a minimum level of contributions before the tax deductions would be allowed. 14. Similar considerations apply to tax claims, particularly at the federal level, where deductions are allowed. 15. Six states, in fact, still allow deductions for interest on money you borrow to buy Treasury bonds. 16. That is to put self-employed people on a par with employers, who are allowed a deduction. 17. The Internal Revenue Service originally allowed the deduction. 18. The law allows deductions only for prescribed drugs and does not allow deductions for purchases that are illegal. 19. The IRS also allows a deduction on the cost of books or computer software programs for self-preparation of tax forms. 20. The IRS allow deductions, within certain limits, for such casualty losses. |