More and more people are filing their tax returns with turbo tax and other software so they can try tricking the system. I have never been a person to take a chance as far as tax deductions are concerned. However, some people will gladly take the risk boldly going where most of us would only dare.
The Minnesota Society of Certified Accountants has compiled a list of odd tax deductions according to a survey given to its members. Of course, these were thwarted by their accountants.
Chairwoman Sara Portner says there is a high profitability they would get sent an angry letter from the IRS if a professional had not interfered. If they use turbo tax, the software can not distinguish unusual tax deductions.
Children may get on your nerves but that is off-set by the tax deduction you can claim each year. The deduction can not be claimed for the year unless they are actually born. One woman thought she could claim an unborn baby during the times she was expecting although she put the child up for adoption. Another client thought he should be able to claim a city official because they the salaries.
Someone tried to claim a former spouse.You cannot claim a spouse even if they are not working. According to turbo tax, you may get an exemption that is equal to the you would get for a dependent. Do not try to increase charitable donations. One person believed you could use donated blood as a deduction. Keep in mind you may get audited by the IRS if they are suspicious of your tax deductions.