[HIGHLIGHTS] Extraordinary expenses: You can deduct these expenses from your taxes

Extraordinary expenses: You can deduct these expenses from your taxes.. As of: April 8, 2024, 12:30 p.m By: Laura Hindelang CommentsPressSplit If you have to spend more money than usual, you may be able to deduct the costs from your tax as an extraordinary expense.

Expenses are considered inevitable if the taxpayer “cannot avoid them for legal, factual or moral reasons,” says Section 33 of the Income Tax Act.