Monday, April 1, 2013

Ten Overlooked Tax Breaks; Legal Tax Writeoffs

  1. Travel expenses for Reservists and members of the National Guard
  2. Child care credits; dependent care
  3. Points for Mortgage refinancing
  4. Moving expenses - you can deduct moving expenses when you relocate; with some restrictions and you can deduct your very first relocation after college!
  5. Medical cost including travel expenses to and from the doctors office.  Sorry no over the counter drugs, however all other prescribed medications are tax deductible, as are co-payments for office visits, dental cost and eye exams
  6. Retirement savings contributions
  7. Education expenses for yourself and or your dependents
  8. Energy efficient home improvement
  9. Charitable expenses
  10. job hunting cost; including printing of resume; online services used for job hunting;
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