10 Often Missed Tax Deductible Items That Are Simple To Take

10 Often Missed Tax Deductible Items That Are Simple To Take

Data Entry, News, Tips & Tutorials
For 18 years I have been preparing income tax returns for individuals. Unfortunately even as a tax preparer I miss Deductible Items on my client's tax returns but for those who prepare their own returns I am certain these 10 tax deductible items are almost always overlooked. 1. Miles driven for medical related incidences are deductible as an itemized deduction. The rate is $.20 for 2007 and $.19 for 2008. Miles are totaled for doctor visits and hospital visits. Start adding them up and you will be amazed. Think about it on a weekly or monthly basis and then multiply by 52 or 12 respectively. 2. Interest paid on a 2nd mortgage is deductible as long as the residence has a function kitchen and bathroom. Have you ever considered your…
Read More