The 13 Most Overlooked Tax Deductions
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.
1. State sales taxes.
2. $250 educators' expenses.
3. College tuition.
4. Student loan interest paid by Mom and Dad.
5. Out-of-pocket charitable contributions.
6. Moving expense to take first job.
7. Military reservists travel expenses.
8. Child-care credit.
9. Estate tax on income in respect of a decedent.
10. State tax you paid last spring.
11. Refinancing points.
12. Reinvested dividends.
13. Jury pay paid to employer.
FOR DETAILS on each - go to: http://tinyurl.com/2mq9gx
[:D]
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.
1. State sales taxes.
2. $250 educators' expenses.
3. College tuition.
4. Student loan interest paid by Mom and Dad.
5. Out-of-pocket charitable contributions.
6. Moving expense to take first job.
7. Military reservists travel expenses.
8. Child-care credit.
9. Estate tax on income in respect of a decedent.
10. State tax you paid last spring.
11. Refinancing points.
12. Reinvested dividends.
13. Jury pay paid to employer.
FOR DETAILS on each - go to: http://tinyurl.com/2mq9gx
[:D]
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