26 U.S. Code § 2524 - Extent of deductions

26 U.S. Code § 2524 - Extent of deductions

Since April 10, 2025, the 2024 revenue reporting campaign has started. On this occasion, it is essential to look at the various expenses that can be deducted from its taxes in order to reduce its taxable income. Unlike tax reductions or credits, these deductions directly reduce the amount of income subject to tax. But be careful, all expenses are not eligible. Professional expenses: opt for the actual costs or the flat-rate deduction? By default…