Personal Expense


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Personal Expense

Expenses of an individual other than those for business or investment purposes. Personal expenses are not deductible unless specifically allowed under the tax law. Two examples of deductible personal expenses are medical expenses and personal property tax paid on personal-use property.
References in periodicals archive ?
"You don't have a good perspective on how your business is doing if personal expenses are mingled in with business expenses," says Mike Eggleston, CPA and owner of Small Business Accounting & Tax in Spanish Fork.
Payments such as those for tuition are always considered personal expenses and are nondeductible.
Federal prosecutors allege that from 2010 through 2017, Hutchinson used campaign money to pay for personal expenses that also included Netflix fees, jewelry, a gym membership and his utility bills.
She reportedly paid US$ 27,000 for her personal expenses, which was reimbursed to the charity soon after.
He also wrote checks on church business accounts to pay for personal expenses. According to the U.S.
A request by Dar to spend Rs0.6 million monthly from the accounts for personal expenses was also rejected by the court.
The Prime Ministry further allocated one thousand dinars to each one of them as personal expenses, Mastouri added.
State prosecutors have formally charged the former mayor of Cabadbaran City, Agusan del Norte, before the Sandiganbayan over reimbursements he allegedly made for his personal expenses.
"In this case there is no breach of our policy and the personal expenses are paid for by Antonio."
SEATTLE (AP) -- The Washington State Auditor's Office has referred one of its reports to the King County Prosecutor's Office, after finding that a former director at Seattle Colleges racked up more than $50,000 in personal expenses on a work credit card.
Paul Dunham, 59, was sentenced for one count of conspiracy to commit wire fraud and one of money laundering over a scheme in which he and his wife Sandra used fraudulent expenses claims to pay for a time share in Barbados, luxury bedding for their home, a dog sofa and other personal expenses, the US Justice Department said.
Cyprus Airways (CY) pilots want the findings of a probe into allegations that the chairman had charged personal expenses to the company published, as they called for foreign experts to take over its management.

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