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

Extraordinary expenses: You can deduct these expenses from your taxes.. As of: April 9, 2024, 4:46 a.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.

Here's how to do it. Private expenses are usually unimportant for tax purposes - unless they involve extraordinary burdens. This refers to additional financial expenditure that arises under special circumstances.