14 Expenses You May Be Tempted to Claim as Tax Deductions — but Shouldn’t

Person hiding piggybank behind back
Robert Kneschke / Shutterstock.com

No one wants to pay more in taxes than they have to. Fortunately, numerous deductions and credits can help lower your final tax bill.

However, don’t make the mistake of trying to claim one of the following 14 things. Why? Some of these deductions were wiped out by the Tax Cuts and Jobs Act of 2017. Others were never real deductions in the first place, or are not real deductions unless you closely follow certain rules.

Claiming the following “deductions” could come back to haunt you if you are audited.

Popular Articles

10 Things That Can Ding Your Social Security Benefit
10 Things That Can Ding Your Social Security Benefit

Here are 10 things that could mean less money in your pocket during retirement.

6 Reasons I’m No Fan of Suze Orman and You Shouldn’t Be Either
6 Reasons I’m No Fan of Suze Orman and You Shouldn’t Be Either

Suze Orman has a huge following. But beware: The self-proclaimed personal finance expert has a track record that suggests more sizzle than steak.

7 Big Purchases You Should Never Make
7 Big Purchases You Should Never Make

Sometimes a big-ticket purchase is nothing more than a big waste of money.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments