Be Aware of These Often-Overlooked Tax Deductions - NBC4 Washington

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Be Aware of These Often-Overlooked Tax Deductions

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    NEWSLETTERS

    Consumer reporter Susan Hogan shares four tax deductions you may be overlooking. (Published Wednesday, Feb. 17, 2016)

    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.

    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.

    What to Know About Deducting Charitable Donations

    [DC] What to Know About Deducting Charitable Donations
    Consumer reporter Susan Hogan explains what you need to know if you intend to deduct charitable donations on your income tax return.
    (Published Wednesday, Feb. 17, 2016)