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It’s hard to stay on top of all the tax deductions you’re allowed to take.
According to H&R Block, these are some of the most often overlooked tax write-offs.
Click to view details regarding each tax deduction:
- Loss from a Natural Disaster
- Moving expenses associated with moving to a new job location
- Medical expenses
- Out-of-pocket job expenses
- Tuition & fees for higher education
- Home office expenses
- Charitable contributions including these little-known secrets (View all charitable contributions according to the IRS.)
- Hybrid vehicles
- Car donated to charity
- Work uniforms
- Some gifts
- Miscellaneous expenses including safe deposit box fees, certain legal fees, etc.
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With input from Financial Advisors, (a Tax Accountant and an Investment Manager), I share helpful tips regarding money and finances — including debt relief, insurance, budgeting, and investing for retirement. My goal is to help you save more, spend less, and invest for the future by sharing honest, tried & true budgeting tips and tools. When I'm not saving for the future and helping others save for theirs, you can find me at the corner of Good News & Fun Times as publisher of The Fun Times Guide (32 fun & helpful websites).