13 Most Overlooked Tax Deductions
January 31, 2008
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Posted by Ray Fowler
It’s tax time! Check out this list of the 13 Most Overlooked Tax Deductions at Yahoo! Finance.
Tax time is a dangerous time. It’s all too easy to miss a trick and overpay Uncle Sam. (If you turned 65 in 2007, don’t forget you deserve a bigger standard deduction than younger folks.)
Years ago, the head of the IRS told Kiplinger’s Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed below. Claim them if you deserve them … and cut your tax bill to the bone.
- State sales taxes
- College tuition
- Out-of-pocket charitable contributions
- Child care credit
- Refinancing points
- Reinvested dividends
- Jury pay paid to employer
- … and more!
HT: Get Rich Slowly
Categories: Finances
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