Expenses

Enforced Actions Exchange Excludable Amount of Pension Expenses of Sale Extension Employee Economic hardship Exempt list Excluded Gain Energy Tax Credit--Business Property Estimated Tax Gap Energy Tax Credit--Residential Property Earned Income Credit Education Expense Estimated Tax Employer-Funded Retirement Plan Earned Income Eminent Domain Employee Stock Option Employment Expenses Entertainment Expenses Expenses Expensing Estate Excess Social Security Tax Withheld Exemption Exclusion Percentage Exclusion Expected Return

Definition of Expenses:

Expenses are cash outflows. For tax purposes, expenses are divided into 4 categories: Business Expenses Expenses related to the production of income (passive or active) Expenses related to taxes Personal or Living Expenses Generally speaking, the first 3 kinds of expenses are deductible from your income but the 4th is not.