QuestionAugust 16, 2025

You were talking with your uncle again as he was preparing to calculate his income taxes for the year.He spoke about keeping track of certain financial transactions for tax purposes. Which of the following expenses would help you lower your tax bill? Your charitable contribution to an animal shelter Payment of your cell phone bill Purchase of a new laptop for personal use Payment of your rent

You were talking with your uncle again as he was preparing to calculate his income taxes for the year.He spoke about keeping track of certain financial transactions for tax purposes. Which of the following expenses would help you lower your tax bill? Your charitable contribution to an animal shelter Payment of your cell phone bill Purchase of a new laptop for personal use Payment of your rent
You were talking with your uncle again as he was preparing to calculate his income
taxes for the year.He spoke about keeping track of certain financial transactions for
tax purposes.
Which of the following expenses would help you lower
your tax bill?
Your charitable contribution to an animal shelter
Payment of your cell phone bill
Purchase of a new laptop for personal use
Payment of your rent

Solution
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Answer

Your charitable contribution to an animal shelter Explanation 1. Identify Tax-Deductible Expenses Charitable contributions are generally tax-deductible, which can lower your tax bill. Personal expenses like cell phone bills, personal laptops, and rent typically do not qualify for tax deductions.

Explanation

1. Identify Tax-Deductible Expenses<br /> Charitable contributions are generally tax-deductible, which can lower your tax bill. Personal expenses like cell phone bills, personal laptops, and rent typically do not qualify for tax deductions.
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