As defined in classic philosophy, an axiom is a statement that is so evident or well-established, that it is accepted without controversy or question. As used in modern logic, an axiom is simply a premise or starting point for reasoning.
Financial Planner. Iâm often asked if someone can take an income tax deduction for money they gift to their children. Gifts to individuals are not tax deductible. Tax deductions can only be taken for gifts to organizations on the IRS list of approved charities. However, there is a way to get a partial deduction for money that will eventually go to your children. A charitable lead annuity trust (CLAT) gifts money to a charity first, and then passes assets to your beneficiaries.
Another is to set up a child care center at your business that qualifies for a tax deduction. Child Care Tax Credit Expenses for child care may be deductible on your personal income taxes. If you qualify, you may claim a federal tax credit of 20% to 35% of your annual child care costs.You can claim up to $3,000 of expenses for one dependent, and $6,000 for two or more dependents.nother is to set up a child care center at your business that qualifies for a tax deduction. Expenses for child care may be deductible on your personal income taxes. If you qualify, you may claim a federal tax credit of 20% to 35% of your annual child care costs.