Saturday, January 21, 2012

The Most-Often Overlooked Tax Deductions

Posted 10:00AM 01/09/12 Taxes
Overlooked tax deductionsYears ago, the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed here.

Cut your tax bill to the bone by claiming all the breaks you deserve -- including some you may have forgotten, and some you may have never even known about.

TurboTax Articles
Nine Things to Do Now to Cash In at Tax Time

You can take steps before year-end to reduce your 2011 tax bill. Some actions can also cut your taxes in the future.


Brought to you by TurboTax.com
Employees Can Deduct Workplace Expenses

Deducting business expenses isn't just for the self-employed. Taxpayers classified as employees can also deduct some of their unreimbursed business expenses.


Brought to you by TurboTax.com
Are Energy Efficient Appliances Tax Deductible?

As an incentive to conserve energy at home, the federal government offers tax credits to homeowners who purchase energy-efficient appliances. The program is known as Energy Star. Learn more about this program and how you may benefit from it.


Brought to you by TurboTax.com
Video: What Are Itemized Tax Deductions?

Itemized tax deductions can help save you even more money during tax season if your deductions exceed the standard amount. Learn about itemizing your tax deductions with help from TurboTax in this video on annual tax filing.


Brought to you by TurboTax.com
Federal Guidelines for Garnishment

The IRS can garnish your wages if back taxes are owed, but they must follow stringent guidelines.


Brought to you by TurboTax.com

Source: http://www.dailyfinance.com/2012/01/09/the-most-often-overlooked-tax-deductions/

latest news us news key news best news economic news finance news economic news world us news about us business

No comments:

Post a Comment