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GalinKa [24]
3 years ago
11

Which are not allowable tax deductions?

Business
1 answer:
xz_007 [3.2K]3 years ago
4 0

Non-allowable tax deductions are <em>A. Entertainment expenses</em>

  • Allowable tax deductions include the expenses that a taxpayer incurs, which reduce the tax liability when using itemized deductions.  Donations to charity, medical and educational expenses are allowable tax deductions.  Though, these deductions have limits.

  • The taxpayer cannot deduct these expenses above the approved limits.  Unlike allowable tax deductions, non-allowable tax deductions cannot reduce a taxpayer's tax liability.

  • Entertainment expenses (business-related) have completely been eliminated as allowable deductions from 2018 fiscal year.

Thus, a taxpayer cannot deduct expenses incurred for entertainment of any form.

Read more about tax deductions at brainly.com/question/13678440 and brainly.com/question/10657452

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