If you are just taking the standard deduction on this year's income takes you can skip past this information. However, for those that are itemizing you'd be wise to become educated on the most overlooked tax deductions.
Here is a nice and handy list from H&R Block:
- Hybrid cars can help you save in taxes
- Student Loan Interest Deduction
- Donate Your Car to Charity
- Claiming a Loss from a Natural Disaster
- Deducting Work Uniform Expenses
- Reduce Your Taxes with Home Ownership
- Tax Breaks for Higher Education
- Bunching Charitable Deductions
- Itemizing for Non-homeowners
- Less Obvious Donations Add Up
- Stock or Mutual Fund Donations
- Keep Track of Holiday Donations
- Paying More for Charitable Items Counts
- Home Office Expenses
Photo: Almost Appalachia
