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Tax Breaks

Can You Tell If These Tax Deductions Are Legit?

Not all write-offs pass muster with the IRS.

Take a look at these frequently asked tax questions from our readers. See if you can separate the legitimate deductions from the ones that would trigger a "no" from the IRS.

1. You accept a new job that requires you to move. Can you write off moving costs even if you don't itemize?

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TRUE: But, to qualify, your new workplace has to be at least 50 miles farther from your old home than your old job was.

2. You are volunteering as a carpenter to a non-profit community home-builder. Nice tax deduction, right?

FALSE: There is no deduction for the value of your time or labor donated to a charity.

3. Your children attend private elementary and high schools. Is their tuition tax-deductible?

NO: You can't deduct the cost of elementary or secondary school tuition. But Coverdell Educational Savings Accounts offer a tax break to help.

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