So many deductions, so little time
There
are lots of expenses that can qualify to be deducted. Here are some that
are often overlooked: Work expenses– magazine subscriptions
related to your job, office supplies, even uniforms (and cleaning expenses)
can be deducted if you pay for them out of your own pocket.
Continuing education
Classes that improve your work
skills and are related to your current job may be deducted. This includes
books, supplies, and travel costs, as well as tuition.
State tax
State income tax can be deducted from your
federal tax, so if you owe state taxes, it can actually work in your
favor! In addition, you may be able to deduct the fees paid to your state
for car registration and licensing.
Career counseling
Expenses related to finding a new
job in your field are deductible even if you don't end up getting a new
position.
Accountant fees
Financial subscriptions, tax advice,
and tax preparation fees are all deductible, so get some help with your
finances if you need it!
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