Thanks to Walmart.com I am posting this very helpful list of overlook deductions just for all of you who are like me an
d wait until the very last minute to do your taxes — if you do them at all… haha, wait, thats me…
Happy Tax Day XOXO Carla
Keeping up with ever-changing tax deductions can be daunting. Worse, you may be overlooking some deserved tax deductions that could affect your refund. That’s why Jackson Hewitt has compiled a list of commonly overlooked deductions for your reference.
Top 5o Overlook Deductions |
Medical-Related Deductions
- Medical-transportation expenses including tolls, parking and mileage for trips to health facilities, doctors’ offices, laboratories and more
- Nursing-home expenses that are primarily for medical care
- Medical aids such as crutches, canes and orthopedic shoes
- Hearing aids, eyeglasses and contact lenses
- Hospital fees for services such as nursing, physical therapy, lab tests and X-rays
- Equipment for disabled or handicapped individuals
- Part of the life-care fee paid to a retirement home designated for medical care
- The cost of alcohol- and drug-abuse programs as well as certain smoking-cessation treatments
- Wages for nursing services
Job-Related Deductions
- Education expenses you paid to maintain or improve job skills
- A handicapped individual’s work-related expenses
- Professional journals, magazines and newspapers that are job-related
- Cost of safe-deposit box used for investments or business
- Guide or service dogs for the handicapped or guard dogs for a business
- Required uniforms and work clothes not suitable for street wear
- Union dues
- Employment-agency fees or commissions in certain cases
- Home-office expenses if it’s for your primary place of business
- Job-seeking expenses within your present field of employment
- Reservist and National Guard overnight-travel expenses
- Dues to professional organizations
- Business gifts up to $25 per customer or client
- Business expenses including travel, meals, lodging and entertainment not reimbursed by your employer
- Cleaning and laundering services while traveling for business
- Tools for use at your job
- Cellular phones required for business
- Half of the self-employment tax paid
- Self-employed health-insurance premiums
Property-Related Deductions
- Commission to brokers or agents for the sale of property or property management
- Your moving expenses
- Personal-property taxes on cars, boats and more
- General casualty and theft losses in excess of $100 and totaling more than 10 percent of adjusted gross income
Miscellaneous Deductions
- Student-loan interest
- Special school costs for mentally or physically handicapped individuals
- Worthless stock or securities
- Fees for tax preparation or advice
- Legal fees to collect taxable alimony or social security
- Hobby expenses to the extent of hobby income you included in gross income
Not every item will be applicable to your situation, so you should consult your local Jackson Hewitt Tax Service office for more advice.
Tags: 2009 tax deductions, jackson hewitt, list of tax deductions, tax deductions, walmart




