25 Easily Overlooked Tax Deductions - A Simple List You Can Refer to When Preparing Your Tax Filing

If you are one of the millions of Americans whoemployment - from printing resumes to phone charges.
throws all their receipts, credit card and bank11. Dues to professional organizations and business
statements into a box, you are likely to overlookgifts up to $25 per customer or client
hundreds of dollars in tax deductions when preparing12. Cellular phones required for business
your tax filings.13. If you are self-employed, half of the
May I suggest that you print out these oftenself-employment tax paid
overlooked tax deductions onto a single piece of14. Self-employed health insurance premiums and
paper for easy reference as you start the annuallong-term care insurance premiums up to the annual
process of looking for every possible tax-savingslimits.
opportunity?15. Fees for tax preparation or advice, including
Here are 25 deductible expenses you don't want tosoftware like TurboTax if you meet limits
overlook.16. Services of a housekeeper, maid, or cook needed
1. Medical transportation expenses including tolls,to run your home for the benefit of a qualifying
parking, and mileage for trips to doctor's, health facilities,dependent while you work
laboratories.17. Penalties paid on early withdrawal of savings
2. Prescribed medical aids such as crutches, canes,18. State income taxes owed from a prior year and
and orthopedic shoespaid in the tax year-with your last return
3. Hearing aids, eye glasses, and contact lenses19. Mileage incurred in performing charitable activities
4. The cost of alcohol and drug abuse programs, and20. Gambling losses to the extent of your gambling
certain smoking-cessation treatmentswinnings - but be prepared to document this
5. Education expenses you paid to maintain or improve21. The cost of employment agency fees or
job skills (including professional books)commissions in certain cases
6. Professional journals, magazines, and newspapers22. Home office expenses, if your home is your
that are job-relatedprimary place of business
7. Cost of safe deposit box used for to store23. Cash and non-cash contributions to qualified
investments or investment informationcharities
8. Required uniforms and work clothes not suitable for24. Reservist and National Guard overnight travel
street wearexpenses
9. Union dues.25. Worthless stock or securities - but you must follow
10. Job-seeking expenses within your present field ofthe prescribed rules.