Seven Tax Write-Offs You May Not Know

Between the consistent law changes and trying to find old receipts for months ago, you may overlook some tax write-offs that can help pad your refund check. Or you reduce your overall payment.

Here are seven deductions you may not know about:

  1. Student loan tuition and fees: You can deduct up to $4,000 per year
  2. State and local sales tax
  3. Donating your time and talents
  4. Moving expenses
  5. Tax preparation fees
  6. Business use of your home and car
  7. Cash donations

For the full list of 50 deductions, visit Go Banking Rates.

This is a guide only. Refer to your tax accountant for specific tax advice.

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