Q: I've heard that food expenses will be deductible beginning next year. Will itemizing be required? O.D., New York
A: It's an intriguing concept, but we found no evidence of any serious congressional proposals concerning such a tasty deduction. You may be thinking of the current law regarding support that you provide for a dependent (including food and shelter). To claim a dependency exemption, you must provide more than half of that person's support.
- Small Business Tax Deduction Strategies No matches