Yes, it’s that time of the year again, “Tax Time.” Some people feel that this is the worst event that happens every year, but you don’t have to feel that way every year. Here are a few tips that can help make your tax experience a more enjoyable event.
10 Most Missed Tax Deductions:
1. Mortgage interest and real estate taxes
2. Medical expenses
3. State/local income taxes and personal property taxes
4. Charitable contributions
5. Out-of-pocket job expenses not reimbursed by employer
6. Student loan interest up to $2,500
7. Tuition and fees up to $4,000 of qualified higher education expenses
8. Moving expenses to a new job location
9. Alimony paid
10. Military reservists’ deduction for non-reimbursable travel expenses
10 Most Missed Tax Deductions:
1. Mortgage interest and real estate taxes
2. Medical expenses
3. State/local income taxes and personal property taxes
4. Charitable contributions
5. Out-of-pocket job expenses not reimbursed by employer
6. Student loan interest up to $2,500
7. Tuition and fees up to $4,000 of qualified higher education expenses
8. Moving expenses to a new job location
9. Alimony paid
10. Military reservists’ deduction for non-reimbursable travel expenses
