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8 Commonly Missed Tax Deductions that can Save a Bundle

8 COMMONLY MISSED TAX DEDUCTIONS Charitable donations (even donating old clothes to the local Goodwill) can be deducted from one's tax return. Costs associated with job searches-such as travel and preparing resumés is a commonly overlooked deduction. Gamblers who lose big can receive deductions by itemizing their losses with appropriate documentation. $E Reducing tax exemptions on one's W-4 can also increase one's tax refund later on. NEWS Subscriptions for professional publication in one's field or work-related expenses can be deducted. Contributing to an IRA not only helps save for retirement; it can also increase one's tax refund. Interest paid on a mortgage can be costly-but it's also tax deductible, Individuals who run a home-based business can receive deductions for things like Internet and office supplies. SANCTUARY WEALTH EMPOWERED http://money.usnews.com/money/personal-finance/slideshows/7-most-missed-tax-deductions-and-credits http://money.howstuffworks.com/personal-finance/personal-income-taxes/10-tips-for-biggest-tax-refund.htm#page=1 %24 %24

8 Commonly Missed Tax Deductions that can Save a Bundle

shared by Fusion360-2 on Apr 19
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One area that many don’t fully understand is how they can take advantage of various tax deductions in order to either reduce the amount they owe the government or receive a larger return. Here are j...

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