Tax Advice: How To Write Off Expenses For Dates That Went Nowhere |
It’s tax season again, and with a little creative math in the expense column you can save a lot of money – particularly if you’re single. This year the IRS agreed to add a dating category to your expenses, a real game-changer for those of us on the meet market. If you don’t know how it works, here’s a primer:
1. Separately from your tax form, you must place a value on the ‘good’ dating experiences you had for 2009. For each good experience (sex, laughs, a new perspective on life), put a value of 1.
2. Next, write your individual dating expenses in the right column.
3. Now take the sum of the ‘good’ experiences and subtract it from the sum of the dating expenses. This number is the amount you can write off of your income tax.
Save your receipts and DO NOT overstate your expenses. You will get audited!
I can get government money back for relationship self-help books and meals that did not result in sex? Thank God. I’ll probably use the money for waxing – this can be a dating tax deduction as well, right?