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You are here: Home / Loan Shak / Tax Deductions To Take Advantage Of

Tax Deductions To Take Advantage Of

by Kathy T.

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11942703234_4985d7677c_zPeople miss out on tons of money during tax season, simply because they don’t know how to take advantage of beneficial tax deductions that they qualify for. If you still haven’t filed this year and are looking to get more money back on your tax refund (or to lower the amount you have to pay in), check out this post by John Schmoll at Frugal Rules for tax deductions you probably overlooked:

-Expenses related to changing jobs: especially if you had to move a long distance. Moving costs, lodging, uniforms, and union dues can all be deducted

-Energy efficient home improvements

-Giving to charity- the donation itself, but also gas mileage to drop off donations, etc.

-Being self employed: web hosting fees, business supplies, website design costs, etc. can all be deducted.

Photo Credit: Lending Memo 

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