I also have a pretty high deduction on my income from the day job, so some of that spills over to pay for taxes on the writing. (jimchines.com)
These amounts can be compared to understand which option offers higher deduction, and that amount can accordingly be deducted, when filing returns. (policybazaar.com)
Not all tax experts agree, and several members of the Ways & Means Committee are petitioning the IRS for higher deductions of reasonable estimates, according to the Wall Street Journal. (rismedia.com)