Tax deduction half-truths
Here are nine tax deductions going away that Congresswoman Cathy McMorris Rodgers failed to mention in her article on April 17.
- Home equity loans interest.
- Personal exemption (average estimate $4,050).
- Moving expenses.
- Causality and theft losses except in disaster areas declared by the president.
- Job expenses (sorry teachers).
- Subsidies for parking and transit reimbursement.
- Tax preparation expense.
- Other miscellaneous expenses such as investment fees and credit card fees.
- Donations to colleges in exchange for tickets and seating.
And of course the windfall for the rich and corporations that will saddle the nation with enormous debt. Half-truths won’t cut it anymore, Cathy.
Vote for Lisa Brown this fall.
Gary Hayden
Spokane