We have already looked at ten of the most commonly overlooked tax deductions in Part I and Part II; here are five additional deductions you may qualify for: Tax Free Social Security Benefits: Believing that social security payments are taxable is a common mistake made by many elderly taxpayers. They can be subject to taxes, […]
15 Tax Deductions Many Consumers Overlook (Part III) Read More »
Continuing our look from Part I at some of the most overlooked tax deductions, we will discuss another five that may affect you or someone you know: State Income Taxes Paid: State taxes paid throughout the year can be included in your itemized federal deductions. Remember also to claim any state taxes you owed last
15 Tax Deductions Many Consumers Overlook (Part II) Read More »
The U.S. Federal Tax Code is one of the most complicated systems on the planet. With thousands of laws, rules, and regulations that apply to American taxpayers, it can be difficult to stay on top of everything. You may have heard that American consumers left roughly $1 billion on the table in unclaimed deductions and
15 Tax Deductions Many Consumers Overlook (Part I) Read More »
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