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:
- Student loan tuition and fees: You can deduct up to $4,000 per year
- State and local sales tax
- Donating your time and talents
- Moving expenses
- Tax preparation fees
- Business use of your home and car
- 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.