What are some common myths about tax deductions?
An example of an AI chatbot conversation about tax deduction myths.
What are some common myths about tax deductions?
Many people believe that all expenses related to work are deductible, but that's not true. Only certain expenses qualify.
Is it true that you can deduct personal expenses if you work from home?
Not exactly. You can only deduct home office expenses if you have a dedicated space used exclusively for work.
What about charitable donations? Are they fully deductible?
Charitable donations are deductible, but there are limits based on your income and the type of donation.
Can I deduct my car expenses for commuting?
No, commuting costs are not deductible. However, if you use your car for business purposes, you may be able to deduct those expenses.
What should I do if I think I’ve been misinformed about deductions?
It's best to consult a tax professional or refer to the IRS guidelines to clarify any misconceptions.
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