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Crazy Tax Deductions: Breast Implants, Swimming Pools and More

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It's tax season, which means people across the nation are wracking their brains to think of things to claim as business costs or medical expenses. Taxpayers looking for guidance in their own quests to maximize deductions would do well to check out our gallery, which includes both inspiring instances of successful savings and cautionary tales of IRS Icaruses who flew too close to the sun.



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TurboTax Articles

What is IRS Form 8824: Like-Kind Exchange

Ordinarily, when you sell something for more than what you paid to get it, you have a capital gain; when you sell it for less than what you paid, you have a capital loss. Both can affect your taxes. But if you immediately buy a similar property to replace the one you sold, the tax code calls that a "like-kind exchange," and it lets you delay some or all of the tax effects. The Internal Revenue Service (IRS) uses Form 8824 for like-kind exchanges.

What are ABLE Accounts? Tax Benefits Explained

Achieving a Better Life Experience (ABLE) accounts allow the families of disabled young people to set aside money for their care in a way that earns special tax benefits. ABLE accounts work much like the so-called 529 accounts that families can use to save money for education; in fact, an ABLE account is really a special kind of 529.

What is IRS Form 8829: Expenses for Business Use of Your Home

One of the many benefits of working at home is that you can deduct legitimate expenses from your taxes. The downside is that since home office tax deductions are so easily abused, the Internal Revenue Service (IRS) tends to scrutinize them more closely than other parts of your tax return. However, if you are able to substantiate your home office deductions, you shouldn't be afraid to claim them. IRS Form 8829 helps you determine what you can and cannot claim.

What is IRS Form 8859: Carryforward of D.C. First-Time Homebuyer Credit

Form 8859 is a tax form that will never be used by the majority of taxpayers. However, if you live in the District of Columbia (D.C.), it could be the key to saving thousands of dollars on your taxes. While many first-time home purchasers in D.C. are entitled to a federal tax credit, Form 8859 calculates the amount of carry-forward credit you can use in future years, not the amount of your initial tax credit.

What is IRS Form 8379: Injured Spouse Allocation

The Internal Revenue Service (IRS) has the power to seize income tax refunds when a taxpayer owes certain debts, such as unpaid taxes or overdue child support. Sometimes, a married couple's joint tax refund will be seized because of a debt for which only one spouse is responsible. When that happens, the other spouse is said to be "injured" and can file Form 8379 to get at least some of the refund.

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rjnod80

years back central air conditioning was a deduction for asthmatics. not any more

April 11 2013 at 9:46 AM Report abuse rate up rate down Reply
mouse

Business deductions must include things like office machines so why not bigger boobs? Reduction goes to medical.

April 06 2013 at 2:47 PM Report abuse rate up rate down Reply
karaoqequeen6157

so ridiculous she can claim a deduction for something she opts to do

April 06 2013 at 11:15 AM Report abuse rate up rate down Reply
signal1236

Warm in the winter shade in the summer.

April 06 2013 at 10:08 AM Report abuse rate up rate down Reply
Old Fox Inn Inc.

I once saw Chesty at the Indy 500 track .... she had a tiny dog in her cleavage ... it was certainly something to see lol

April 06 2013 at 9:27 AM Report abuse rate up rate down Reply
dl0007

I can understand she makes more money. However, what's really sad is she has an excellent figure (excluding the obvious), and a very pretty face. Give her a haircut and a normal size chest and she would be one hot mama!

April 06 2013 at 7:33 AM Report abuse +1 rate up rate down Reply
1 reply to dl0007's comment
fairytwo4

her face? i guess someone needs to school me on what a pretty face is.

April 11 2013 at 1:01 AM Report abuse rate up rate down Reply
badhog8

fake don't count

April 05 2013 at 10:16 PM Report abuse +3 rate up rate down Reply
bba007

When she has the reduction they should be made about the size of her brain, pea sized.

April 05 2013 at 9:56 PM Report abuse +1 rate up rate down Reply
ae12wrangell

Tax deductions on ****?! That is so weird

April 05 2013 at 9:02 PM Report abuse +3 rate up rate down Reply
Georgina

Well.. She has most certainly succeeded in looking cheap and tacky.

April 05 2013 at 8:42 PM Report abuse +2 rate up rate down Reply