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In this video, we explore the truth behind deducting business clothing and dry cleaning expenses, cutting through the myths often spread on social media.
We examine real IRS rules, regulations, and tax court cases to explain when clothing is deductible and when it’s simply considered a personal expense.
Your Next WATCH 👉 TOP 9 TAX DEDUCTIONS For Your RENTAL PROPERTY https://youtu.be/9fw5s_hDdcw
We walk through historic and modern examples, including unique professions, to show how the three-part test for deductibility is applied in real life.
We also break down how these rules differ for specialized uniforms, safety gear, and items not suitable for personal wear. By the end, we give a clear, practical understanding of how to stay compliant and avoid costly mistakes when it comes to clothing deductions.
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Show Notes:
0:00 – Intro
1:18 – Early Case Law
5:32 – 3 Part Test For Deductibility
8:46 – Designer Clothing Case: Pevsner v. Commissioner
11:31 – Examples of Deductible Clothing
14:54 – Travel Exception for Laundry & Dry Cleaning
17:00 – Clothing as Advertising
21:05 – Final Thoughts
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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