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M Fitzgerald Tax  Business Services - Ma

20 Most Overlooked Tax Breaks

https://www.kiplinger.com

 

  1. Don't Unnecessarily Report a State Income Tax Refund

  2. Out-of-Pocket Charitable Deductions

  3. State Sales Taxes

  4. Gambling Losses

  5. State Tax Paid Last Spring

  6. Jury Pay Given to Employer

  7. Childcare Credit

  8. Credit for Dependents

  9. Reinvested Dividends

  10. Social Security Taxes You Pay

  11. Refinancing Points

  12. Mortgage Insurance Premiums

  13. Private School Tuition (K-12)

  14. American Opportunity Credit

  15. A College Credit for Those Long Out of College

  16. Student-Loan Interest Paid by Mom and Dad

  17. Deduction of Medicare Premiums for the Self-Employed 

  18. Waiver of Penalty for the Newly Retired

  19. Military Reservists' Travel Expenses

  20. Amortizing Bond Premiums

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