Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

If you qualify for itemized deductions, which you do if you have a mortgage, you can claim things you need for professional development, etc. Subscriptions are a good catch-all. The IRS meant magazine subscriptions, but...


Only a few categories of people get to claim professional development expenses as a tax deduction [0], mostly self-employed.

> If you qualify for itemized deductions, which you do if you have a mortgage

If you have a sufficiently large and expensive mortgage and/or are filing as an individual. Our interest almost got us over the standard deduction in the first year, but every year since then the standard deduction threshold just gets further and further away.

[0] https://www.irs.gov/taxtopics/tc513


Dont worry - next year is last year of increased standard deduction =)


Won't help now, though, because the amount of interest we pay has gone down and will continue to go down. =)


There’s no but - if you do this and get audited, it’s not going to fly




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: