Deductions & credits


@Nomad1c wrote:

Wrong answer. Having them verifies a purchase was made. And also each ticket show what the amount paid...was.


They could be gifts, in which case you can't deduct the cost.

 

The bottom line is that the Tax Code assumes all income is taxable, and if audited, you must prove every deduction to the satisfaction of the auditor.  The auditor does not have to prove you are wrong; you must prove you are right.  (In this, Tax law is opposite of most every other legal situation.)  An auditor in a bad mood does not have to allow a deduction without proof.  So how much proof to keep and how much risk to take is up to each taxpayer.