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Video: Surprising Tax Deductions

Written by Synchrony Staff

Published Apr 06 | 1 minute read

Taxes
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    During tax season we're all looking for deductions to reduce our tax bill.

    The rules are always changing, but it might surprise you what deductions the IRS has allowed in the past.

    Ever lived in Hawaii?

    If you had Norfolk Pine in your backyard, you might have gotten a $3,000 deduction to maintain it.

    Once a couple that owned a junkyard was able to write off the cost of the cat food they set out to attract wild cats.

    But not all deduction attempts go as planned.

    Just ask the pianist who tried to claim a manicure as a business expense.

    Who knows?

    You could be eligible for surprising deductions, too - talk to your tax advisor to find out.

    It could help you keep more of your money in the bank.

    Find out more about tax-saving ideas like tax advantaged accounts at Synchronybank.com.

    LEARN MORE: Top 10 Tax Deductions You Should Know About

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    Synchrony Staff

    This article contains contributions from multiple staff members for the Synchrony blog.

    *The information, opinions and recommendations expressed in the article are for informational purposes only. Information has been obtained from sources generally believed to be reliable. However, because of the possibility of human or mechanical error by our sources, or any other, Synchrony does not provide any warranty as to the accuracy, adequacy or completeness of any information for its intended purpose or any results obtained from the use of such information. The data presented in the article was current as of the time of writing. Please consult with your individual advisors with respect to any information presented.
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