Income Tax Preparation Question
Your tax deductions reduce your gross income amount before taxes are calculated. Typical deductible expenses may include:
The Internal Revenue Service (IRS) offers a deduction if you have been unemployed for at least 30 consecutive days during the tax year. This includes payment of state unemployment insurance, union dues, and out-of-pocket job expenses such as gas or car maintenance costs. In addition to employment issues, there are other deductions based on elections to several types of income.