10 Overlooked Tax Breaks —Accounting Today, Bankrate.com

Sweet Tax Deductions for Individuals That Often Get Forgotten 

With October 15 behind us and April 15 still comfortably far away, it’s a good time to start boning up on ways to save your clients money once things start getting serious.

With that in mind, Bankrate.com identified 10 great deductions that individual taxpayers should use – but often forget.  Accounting Today passes on the good news.  Here’s the list:  

1. Charitable Expenses
2. Moving Expenses
3. Job-Hunting Costs
4. Military Reservists’ Travel Credits
5. Child and Other Care Credits
6. Mortgage Refinancing Points
7. Many Medical Costs
8. Retirement Savings
9. Educational Expenses
10. Energy-efficient Home Improvements

Find more details and qualifying specifics on each listed item here. 

 

10 Potential Deductions Individuals May Be Able to Include on Their Filings