How to get the most money back on your tax return | News
Fees and dues to professional societies: You might have paid these fees to maintain your membership for professional purposes, such as maintaining a professional certification, maintaining your membership in a civic or public service organization or your membership in a business league.
Educator expenses: If you are an eligible educator, and you use your own money to buy needed items for your students, you can deduct up to $250 of qualified expenses.
Job search expenses: You can deduct expenses related to job-searches -- even if you did not get a job -- as long as the job you were looking for is one in your present occupation.
Travel expenses: If you had to travel away from home on a temporary assignment for work, you might be able to deduct related travel expenses.
Charitable donations: If you made donations to charitable organizations such as the Salvation Army, the value of the items donated is deductible. Be sure to keep receipts for your donated items as the IRS requires that you have written confirmation for all charitable donations.
The Earned Income Tax Credit: This is for individuals who earn less than $9,078 from wages, self-employment or farming.
The Child and Dependent Care Credit: This is for expenses paid for the care of your qualifying children under age 13, or for a disabled spouse or dependent, while you work or look for work.
The Child Tax Credit: This is available to you if you if have a qualifying child, and can be claimed while you claim the Child and Dependent Care Credit.
Education tax credits: This can help to offset the cost of education.
Should You Itemize?
- Had large uninsured medical and dental expenses
- Paid interest or taxes on your home
- Had large unreimbursed employee business expenses
- Had large uninsured casualty or theft losses
- Made large charitable contributions
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