are visa costs tax deductible ato?
8155
Thanks for your question. The costs of the visa in not tax deductible as they must be directly related to earning assessable income. The costs are considered private in nature and not deductible.
50729
On form 8960, miscellaneous investment expenses on line 9c can be deducted only to the extent these items are deductible in Schedule A. As the new tax law has suspended the itemized miscellaneous deduction, these expenses are not deductible on form 8960 either.
222411
['Any expense incurred in the purchase or sale of a security, such a commission or a sales load on a mutual fund. ... ', 'Expenses incurred in the production of income are tax deductible on line 23 of your Schedule A above the 2 percent of AGI threshold (investment expense deductions cannot be taken on the 1040 short form).']
399252
Work-related travel expenses are deductible, as long as you incurred the costs for a taxi, plane, train or car while working away from home on an assignment that lasts one year or less. You can also deduct the cost of laundry, meals, baggage, telephone expenses and tips while you are on business in a temporary setting.
1390054
What legal costs are allowable? Legal costs for any disputes with HMRC are not deductible, and this includes fines or penalties received. If a legal fee directly relates to the operation of a business, and is ordinary and necessary, it may be deducted as a business expense.
210727
No. that is not deductible. It is a fee, not a tax. Fees are not deductible.
117492
Thanks for getting in touch! You can claim deductions for work-related expenses that you incur which directly relate to you earing your income. ... The cost involved in relocating or moving isn't a claimable deduction as it's considered a private expense as it's not directly related to you earning your income.
100874
If you are an employee and you purchased tools to use at work, you may be able to deduct the cost of your tools as a job-related expense. You'll need to itemize deductions (Schedule A) to claim your job-related expenses. The cost of your tools won't be fully deductible as it will be subject to the 2% rule.
1392091
This investment-fee tax break is gone. ... The Tax Cuts and Jobs Act eliminated the deduction for investment expenses, starting in 2018. Fees for investment costs were deductible as a miscellaneous itemized deduction, to the extent they and other costs exceeded 2 percent of your adjusted gross income.
614934
No, those travel expenses are not deductible. ... For the purposes of claiming an education tax benefit, room and board, transportation, and any other similar personal living expense is not a qualified education expense even if it is a requirement of enrollment or attendance for your school.
1353490
A family that qualifies for the adoption tax credit may also deduct qualifying adoption expenses. ... Tax deductible expenses would be travel, meals, lodging, court costs, attorney's fees, and other expenses directly related to the legal adoption of a child.
704010
If you pay tolls going to and from your usual place of business, those expenses are not deductible. However, if you go on a business trip, then toll expenses would be deductible. If you have a vehicle you use for business purposes, you could deduct toll expenses even if you only use it for work some of the time.
863668
No, you cannot claim travel to/from work as a travel expense. If you are running a business and are travelling to job sites (for example) then you could claim the cost as a business expense. The GST/HST issue has no connection to your ability to use the amount as an expense.
271810
A: There are tax deductions for certain types of fees related to your finances and investments. Line 221 of your tax return – carrying charges and interest expenses – is for claiming management or safe custody fees, investment counsel fees, and similar expenses.
960096
If you moved to a new location because of work, you may qualify to use IRS Form 3903 to claim the cost of your moving expenses as a deduction on your federal income tax return. ... While moving expenses you pay yourself are deductible, expenses that your employer reimburses you for are not eligible for the deduction.
345034
If so, you may be eligible to deduct the examination fees on your taxes. ... “Individuals working in the trades often don't realize they can claim their examination fees as a tuition expense,” says James Collins, a chartered professional accountant in Toronto, Ontario.
66308
The Tax Cuts and Jobs Act eliminated the deduction for investment expenses, starting in 2018. Fees for investment costs were deductible as a miscellaneous itemized deduction, to the extent they and other costs exceeded 2 percent of your adjusted gross income.