Taxes - 10 Wackiest Tax Deductions

2012-04-24 3

Taxes - 10 Wackiest Tax Deductions - as part of the news and politics series by GeoBeats.

Here are 10 bizarre tax deductions:

Number 10 - If you are over a 100 years of age in the state of New Mexico, you are exempt from paying income taxes.

Number 9 - If you were persecuted by the Ottoman Empire between 1915 and 1923, your settlement payments are tax exempt in the State of California.

Number 8 - In the Netherlands, residents can deduct the cost of getting trained in the art of witchcraft.

Number 7 - Kidnapped children are tax-deductible until they turn 18. However, the kidnapper must be a stranger and not a family member for this deduction to apply.

Number 6 - If your doctor asks you to swim for specific medical reasons, the cost of installing a swimming pool maybe tax deductible.

Number 5 - In Hawaii, if you plant a tree which is deemed exceptional, you can get upto $3000 of deduction for its upkeep.

Number 4 - In South Carolina, you get a $50 deduction for donating a butchered deer to charity.

Number 3 - While moving, your cost associated with transferring your pet is tax deductible as pets are considered part of your personal belongings.

Number 1 - In Australia, strippers and prostitutes can get a tax exemption on adult toys and lingerie.

Number 1 - Back in the US, If you loaned some money to a friend and there's no chance you'll be getting it back, it may be tax deductible.