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Question
you were talking with your uncle again as he was preparing to calculate his income taxes for the year. he spoke about keeping track of certain financial transactions for tax purposes. which of the following expenses would help you lower your tax bill? payment of your rent your charitable contribution to an animal shelter payment of your cell phone bill purchase of a new laptop for personal use previous page next page page 9 of 9
Charitable contributions are often tax - deductible, which can lower your tax bill. Rent, cell phone bills, and personal laptop purchases are generally not tax - deductible in the context of reducing income tax liability.
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Your charitable contribution to an animal shelter