TAX DEDUCTIONS 2017: 50 TAX WRITE-OFFS YOU DON’T KNOW ABOUT
By: Andrew Lisa - April 14, 2017
As the tax deadline approaches, you should ask yourself or your tax preparer, "What can I claim on my taxes when it comes to tax breaks or deductions?" Because every tax return is different, there's no easy answer to this complicated question; however, there's a long list of tax deductions that can reduce your taxable income. You should take every deduction to which you're entitled because overlooked tax deductions are wasted opportunities to save money.
- Transportation, which includes a deduction of 54 cents per mile, parking, tolls and cab fees
- Preparing, printing and mailing out your resume
- Fees related to job searches
- Employment agency fees
Source: Go Banking Rates
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.