You might be leaving some tax deductions on the table. Experts say these deductions are often overlooked -- here's what they are and what you need to know.
- Child Care Tax Deduction. Learn more at the IRS' website.
Charitable Deductions. Remember, these are only deductible if you itemize deductions on Form 1040, Schedule A, Itemized Deductions.
To be deductible, you must make charitable contributions to qualified organizations. Payments to individuals are never deductible. Learn more at the IRS' website.
- The Earned Income Tax Credit. Learn more at the IRS' website.
- The American opportunity credit. Learn more at the IRS' website.
- Tax Information for Retirement Plans. Learn more at the IRS' website.
- Home Mortgage Interest. Learn more at the IRS' website.
- Home office deduction. Learn more at the IRS' website.