Pluggers by Rick McKee for April 15, 2021

And if you can get through the audit, even better.

Thus the reason for a professional tax lady ;-)

Such a taxing work, eh.

Considering they’re animals, Pluggers must worry a lot about tax — idermy!

The trick to “reason deduction” deductions is staying with-in reasonable limits.

A Plugger’s 1040 would not have any deductions to itemize, unless he or she spent or donated amounts exceeding the standard deduction to charity — which is about the only 100% voluntary deduction still open to the average taxpayer.

A Plugger’s 1040 would not have any deductions to itemize, unless he or she spent or donated amounts to charity — which is about the only 100% voluntary deduction still open to the average taxpayer — in order to exceed the standard deduction.

I once took a course on tax preparation and the instructor, a CPA, said that his motto was “When in doubt, deduct”. He said that the chances of being audited was small (and getting smaller) and all that would happen was that they would disallow the deduction and you would have to then pay. But he did say there were a few items that you could be sure to be audited if you included them.

It just doesn’t all add up.

Good one, Brad.

Smart…..

I hope the IRS isn’t cruising the comics. . . . :)

I did, too— but after several hours working on deductions, I did better with the standard one.