January 17th, 2016

TAX TIP OF THE DAY... deduct your clown suit!
You are able to write off clothing as it applies to your occupation as long as not suitable for every day wear.

In the Tax Court case of a clown that contested that his clown costume was legitimate, the business deduction was upheld by the tax court as a legitimate business expense as he only wore it for his occupation. To demonstrate his seriousness of the matter, he came with his well dressed attorneys and he wore his full clown suit, including red nose and orange hair, to the tax court to demonstrate the point. It was pointed out as an example that the lawyers Armani suits would not be deductible as they could be worn for non-occupational events and his clown suit would not fall into that category.
source: NBC24.com
http://nbc24.com/news/local/strange-deductions-and-tips-before-you-file-on-tax-day?id=885080

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