Here are some commonly overlooked tax deductions.  As always, please check with your tax professional:

$250 of education expense of college tuition

Student loan interest paid by mom and dad

Out-of-Pocket Charitable Contributions

Moving expenses to take first job

Military Reservist travel expenses

Child care credit

State tax on income respect of a descendent

State tax you paid last Spring

Refinancing Points

Reinvested dividends

Jury pay paid to employer

Pay off debt with a home quity loan rather than credit cards

Contribute old clothes, furniture and other items to charity

You can write off mileage you incur for charitable organizations

"Bunch" deductions together to overcome "floors" or minimums

Remember that job searching expenses are deductible

Keep track of investment expenses

Remember business supplie or business-related gifts

Tax planning advice is deductible

Special medical equipment or treatments are deductible

Self-employed owners may be able to deduct the costs of hiring their children as workers

 
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Karen Villa Schweinfurth, ABR, CRS, SRES, CyberStar

Everett, WA

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RE/MAX Northwest Realtors, Inc. 425-308-3669

Address: 159006 Mill Creek Blvd., Mill Creek, WA, 98012

Office Phone: (425) 308-3669

Cell Phone: (425) 308-3669

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Call Karen: 425-308-3669 for ALL your Real Estate Needs Specializing in N. King and Snohomish Counties.


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