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The famously unwieldy and complex U.S. tax code is rife with bizarre benefits and breaks hidden throughout its many, many pages.
Just how bizarre?
We’re glad you asked. We have a few examples we’d like to talk discuss. The following chart from the editors at Top Accounting Degrees names just a few of the weirdest deductions available for things like sex-change operations, clarinet lessons, and whaling ships:
Click to enlarge
Note concerning tax deductible medical expenses: The Internal Revenue Service allows taxpayers to deduct medical expenses so long as they're 7.5 percent or more of their adjusted gross income.
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