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Tax deductible pharmacy conventions?
Started by ShockingPurple
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Personally, I would do it if I had an intern job sometime that year and I didn't receive any documented payment for the convention either from school, school loans, or employer.
You may need to forego the standard deduction (not sure) .. if this is true , taxes are going to be a lot more work and ultimately it may not be worth it.
You shouldn't really be owing much if any tax as a student ( I claimed exempt every year) so the value of the deduction is questionable for that reason alone)
If you made > 20, 000 then it may be a different story.
Yeah, I usually claim it as a tax-deduction and educational/professional expense, same for CE credits/dinners, etc. Also mileage driving to per-diem job.
And whenever you go travelling, stop by a hospital and ask for a paper job application, fill it out, keep a copy for yourself and claim the trip for a job interview. This is getting harder to do since so many ****ing hospitals are not doing the paper applications anymore and just go via online applications.
And whenever you go travelling, stop by a hospital and ask for a paper job application, fill it out, keep a copy for yourself and claim the trip for a job interview. This is getting harder to do since so many ****ing hospitals are not doing the paper applications anymore and just go via online applications.
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Honestly, I don't know which one. I just add up all the expenses from all the receipts, give them to my accountant and he does it for me. I only pay him like $75 for the whole thing.
If you don't have a business filing Schedule C, then you would have to itemize deductions, so your total deductions would have to exceed the standard deduction to get any benefit ($6,100 for singles). You probably won't exceed this as a student.
Furthermore, I believe the costs of going to a convention are in a category where only the amount that exceeds 2% of your Adjusted Gross Income is deductible. So for pharmacists with AGI ~$110k, the first $2,200 is not deductible. You can go ahead and submit receipts and everything to your accountant, but probably they will not be included on your tax return.
Furthermore, I believe the costs of going to a convention are in a category where only the amount that exceeds 2% of your Adjusted Gross Income is deductible. So for pharmacists with AGI ~$110k, the first $2,200 is not deductible. You can go ahead and submit receipts and everything to your accountant, but probably they will not be included on your tax return.
Your accountant probably looks at that, laughs, then throws it away.
http://www.irs.gov/publications/p463/11081l02.gif-315423875.html
I have done plenty of days when I worked at hospital A 8am-1pm and then drove straight to hospital B for a 3pm-11pm shift. Those are considered deductible.
Yea if you itemize your deductions. Most single people that do not own property are better off taking the standard deduction. Look at your tax return from last year and see if it was standard or itemized.
Didn't think of that one, you're a beast...if you in fact itemize.
