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  2. Are Health Insurance Premiums Tax Deductible? - AOL

    www.aol.com/finance/health-insurance-premiums...

    If you qualify for a subsidy, then you can only deduct the after-subsidy amount that you pay for your health insurance from your taxes. In some cases, your spouse’s health insurance premiums.

  3. Can You Deduct Homeowner’s Insurance on Your Taxes? - AOL

    www.aol.com/deduct-homeowner-insurance-taxes...

    Real estate tax: You can deduct local and state real estate tax, but only up to $5,000 ($10,000 if married filing jointly). Lender discount points: You may be able to claim a partial deduction for ...

  4. What Can I Write Off on My Taxes? - AOL

    www.aol.com/write-off-taxes-110021429.html

    Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available for tax year 2019.

  5. Internal Revenue Code section 79 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Insurance cash values may provide tax-free income as long as the policy is kept in force and withdrawals do not exceed the cost basis; A section 79 plan may be used for the following applications Group life insurance benefits; Deductible insurance to fund estate planning needs of the business owner; Deductible insurance to provide personal life ...

  6. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...

  7. Itemized deduction - Wikipedia

    en.wikipedia.org/wiki/Itemized_deduction

    This facilitated amendments to 2011 tax returns to claim a casualty tax deduction. [4] Gambling losses, but only to the extent of gambling income (For example, a person who wins $1,000 in various gambling activities during the tax year and loses $800 in other gambling activities can deduct the $800 in losses, resulting in net gambling income of ...

  8. Mileage Reimbursement Rate for 2025: What To Expect - AOL

    www.aol.com/finance/mileage-reimbursement-rate...

    You can deduct medical expenses that exceed 7.5% of your adjusted gross income if you itemize your deductions . Charitable mileage rate: 14 cents per mile driven while volunteering for a qualified ...

  9. What Can I Write Off on My Taxes? - AOL

    www.aol.com/finance/write-off-taxes-090021611.html

    You’re probably already aware that you don’t have to pay federal income tax on all of your earnings. Although certain tax deductions remain relatively stable from year to year, others change ...