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The tax experts at J.K. Lasser have answered a lot of your tax preparation questions, ranging from 1040 filing, income tax deductions and credits, self-employment taxes to tax planning for college and retirement, estate and real estate taxes. Ask J.K. a question by filling out the form below. Or browse Ask J.K. answers or use the Search box to see if J.K. has already answered your question.

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Deductions & Credits

  1. Are any over-the-counter medications deductible, and, if so, which ones?Free
  2. I fill some of my prescriptions through a Canadian drug service. Can I deduct the costs?Free
  3. Can I deduct assisted-living facility expenses paid on behalf of a parent?Free
  4. Does my ex-wife need to sign off on the home loan interest so that I can claim the interest as a deduction?Free
  5. What would be the basis for my deduction of income from collector's items sold at a charity auction — cost or market value?Free
  6. Can an individual claim a deduction for donating a horse to a 4-H club?Free
  7. If a person has started moving in one tax year and finishes in the next year, can a deduction be taken in both years?Free
  8. Can I deduct hurricane losses that are not covered by insurance?Free
  9. Can we deduct our moving expenses and job-search costs from our taxes?Free
  10. Can treadmills be deducted as weight-loss equipment?Free
  11. I have a home-based business. Do I deduct or depreciate the cost of a new roof for my home?Free
  12. Is there is a limit on how much money I can put into an IRA. Is there a penalty if I "overinvest" in one year?Free
  13. I have some short-term capital losses, short-term capital gains, and long-term capital gains. Can I offset these?Free
  14. Can I claim capital loss on the sale of a personal residence?Free
  15. Can I deduct points and pre-paid property tax on Schedule A?Free
  16. How are HSA accounts useful?Free
  17. What happens when you take more out of a flexible spending account than you contribute?Free
  18. Can I file as head of household if I am the noncustodial parent?Free
  19. Can I create a scholarship for my child?Free
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