Want to save money on your taxes? While some tax deductions are more well-known and obvious, there are others that you may not have known about, or considered trying. Listed here are just a few lesser-known deductions that might benefit you that could be worth checking out:
1. Fitness equipment and diet pills.
If you are putting money into getting into shape – say, buying a treadmill, getting a gym membership, or purchasing certain diet foods – you could potentially deduct some of these expenses from your taxes. One stipulation of this is that you may need a doctor’s approval for this. These deductions could even be applied to home swimming pools if you have a health condition that could be helped through consistent time spent swimming and being active in the water.
2. Nicotine patches and other anti-smoking aids.
Thinking of finally giving up smoking? You probably know about the many health benefits of giving up tobacco, but you might not have known that there are tax benefits as well. Any costs associated with you quitting – nicotine patches, vaping, or various programs – can be written down as tax expenses.
3. Guard dogs.
Is your dog a guard dog? Dogs trained to protect home security can be recorded as a deduction on your taxes. The best news is that this not only includes the initial purchase price of the dog, but also any costs associated with future care, including: food, vet bills, and training.
4. Clarinet lessons for children with an overbite.
Here’s a weird one. In 1962, orthodontists argued that playing the clarinet can help with an overbite and the idea took. If you have a kid who has an overbite and is musically inclined, consider giving them clarinet lessons and then writing that off as a medical expense. Bonus: assuming it actually does work, clarinet is way more fun than braces.
5. Your lawyer in a criminal trial.
If you’ve been arrested, the money that you pay for your lawyer could be a deductible expense. A small comfort if you were charged, but at least there is the potential that you can save some money when tax season comes around.
6. Breast enhancements.
In 1988, a stripper claimed a $2,088 deduction for breast enhancement surgery, recording it as a business expense. The deduction was initially denied, but she took it to an appeals court and won. Of course, breast enhancements won’t be an acceptable deductible for just anyone, but if you work as a stripper, porn actress, or as a member of some other industry where larger breasts would be a quantifiable asset, you could potentially get some real money in deductions for them.