10 Tax Tips for anyone who still hasn’t done their taxes

March 16, 2009 – 8:36 pm – No Comment

I have a confession, I still haven’t filed my income taxes for this year yet. I will get them done before the deadline and now with a few tips I found on the internet, perhaps I can “get the most” out of my income tax return.

1) Additional charitable gifts – Sure, you remember to deduct money and items donated directly to charity, but how about items you bought for a charity event? Also uniforms that you have to buy to work at a charity event.

2) Moving Expenses – If you have to move when relocating for a job, the moving expenses you incur can be deducted from your taxes.

3) Job hunting costs – If you’re already employed, costs incurred from job hunting can be deducted.

4) Military personnel travel – Members of the military can deduct travel expenses to drills and meetings.

5) Educational expenses – “In these cases, you have the option of the tuition and fees above-the-line deduction, which will take up to $4,000 off your taxable income, or the Lifetime Learning Credit, which could provide savings of 20 percent of tuition cost up to $10,000, or a $2,000 credit.”

You can read five more tax tips and more detailed information about the five written about here at the source link below:

Source