I have a travel blog where my wife helps write the blogs, plan the trips, etc. I am in a high tax bracket while she is in a low tax bracket. Can I pay her a "reasonable" salary and claim it as a tax deduction for myself and have my wife pay tax on the amount?
If possible, then what...
We have incurred nearly $50 000 in costs while remediating black mold and restoring our home to a livable state over the past 2 years.
We have heard that there is a possibility of claiming some or all of these fees on our personal taxes?
Does anyone have any experience or...