What are some common tax deductions I can claim?
An example of an AI chatbot conversation about tax deductions and expenses.
What are some common tax deductions I can claim?
Common tax deductions include mortgage interest, student loan interest, medical expenses, and charitable contributions.
Can I deduct my home office expenses?
Yes, if you use part of your home exclusively for business, you can deduct related expenses like utilities and rent.
What about business travel expenses?
Business travel expenses, such as airfare, lodging, and meals, can be deducted if they are necessary for your work.
Are there any limits on these deductions?
Yes, some deductions have limits or specific requirements, so it's important to check IRS guidelines or consult a tax professional.
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