Happy Tax Day, and congratulations on making it through what may have been a challenging tax season!
As you finish up your last few tax-related tasks, take a few minutes to read about four creative deductions that American taxpayers have tried to make over the years.
1. Music lessons
One family succeeded in claiming their child’s instrument as a deductible medical expense because doctors said it could improve an overbite.
2. Private jet
A taxpayer tried to write off his purchase of a private jet that he said was necessary to watch over an income-producing, remote rental property. The IRS allowed the man to write off the costs of operating the jet to and from the property as a rental expense.
3. Cat food
One junkyard owner claimed cat food as a deductible expense, contending that it was needed to feed the feral cats, which limit the population of rats and snakes in his yard. The IRS approved the deduction as a valid business expense.
4. Football game
A business associate tried to write off a trip to the “Big Game” in February with clients as a business expense, arguing that it was for building relationships, according to the Tax Crisis Institute. He was not successful in proving that the trip was business related.
I hope you enjoyed these Tax Day deduction fun facts. Now it’s time to enjoy that vacation!