From the freakin’ awesome to the freakin’ far-fetched, here are four tax breaks you just might be able to take this tax season.
If golf were a real sport, it might actually qualify you for a tax write-off.
What would you do for a Klondike bar? Not as much as you’d do for a really sweet tax write-off is our bet. Here are a few options, from the freakin’ awesome to the freakin’ far-fetched.
1. Lose Weight (Sorry, It Only Counts If You’re Obese)
You’re fat; actually, you’re obese. You want to lose some lbs. Guess what? Your weight loss and health improvement efforts now qualify as tax write-offs-so long as your fat-fighting expenses exceed 7.5% of your adjusted gross income and you itemize your deductions.
Note: Lipo and diet foods don’t qualify when tallying expenses. So, what does?
Deductions include doctor-recommended weight-loss treatments-anything from a Weight Watchers membership, lap band surgery or FDA-approved weight-loss drugs to doctor’s visits, counseling and nutritionist services.
2. Donate a Body Part
You’d give your left kidney to write off $5,000? Deal, says Uncle Sam. You also get the write-off if you donate your liver, lung, pancreas, intestine or bone marrow. You may be eligible for an additional $10,000 in deductions in more than a dozen states.
3. Get Persecuted by the Ottoman Empire
Persecuted much? You could be in for a tax break on reparation payments. So who qualifies? That would be Californians who suffered at the hands of the Ottoman Turkish Empire, between 1915 and 1923. Do your homework-maybe your great-great-grandpa qualifies.
California also allows some entrepreneurs tax-free income. What the what? That’s right, the Golden State lets recyclers cash in without cutting in Uncle Sam. That could really add up, especially if you’re privy to the ripe pickings in San Francisco, where residents are forced to recycle.
As always, if you don’t want The Man hitting you up with questions about your tax return, consult a professional tax adviser before you get too freaky with the write-offs.
How Do We Know All This? Cuz we’re brilliant. Also:
You gotta FIGHT. For your RIGHT. To WRIIIIITE OFF. This will show you how.
The Weight Loss Tax Guide. Yes, there is such a thing.
Beverage container recycling income: It sounds so legit when they say it like that.
The State of California knows what went down in the Ottoman Turkish Empire.
Hey brother, can you spare a kidney?
-Amy Kniss, eHow Money editor
Photo credit: Jay Blakesberg/Getty Images