Tax Season Relief: 10 Overlooked Write-Offs You Need to Know
As the dust settles on tax season, many of us are breathing a sigh of relief. But, in the chaos of deadlines and paperwork, it’s easy to overlook valuable write-offs that could save us money. I spoke with 10 taxpayers who shared their surprising discoveries – and regrets – about expenses they didn’t realize they could deduct.
The Office Supplies You Never Thought to Claim
Jane, a freelancer, was shocked to learn she could write off office supplies, including decorations, notepads, and a pricey printer. She had thrown away receipts, but next year, she’ll be more diligent about keeping track.
Professional Expenses You’re Missing Out On
Shannon, a magazine designer, discovered she could write off magazine subscriptions, a small but significant expense. Meanwhile, Kaytie, an actor, was surprised to learn she could deduct makeup, costumes, and travel expenses related to her craft.
Education and Self-Improvement
Alexander took a photography class to boost his side hustle, but didn’t think to write it off. Now, he’ll make sure to claim it as a business expense. Similarly, Kerry, a volunteer, learned she could deduct miles driven to and from her hospital volunteer work.
Commuting and Transportation
Luis, who works overnight shifts, was thrilled to discover he could write off cab fares and ride-shares. Jeremiah, an Über driver, already deducted miles driven, but was told he could also claim car washes and passenger amenities like snacks and water.
Home and Rental Expenses
Claire, an Airbnb host, regretted not writing off cleaning fees and supplies. Mary, who moved for a new job, wished she had known she could deduct relocation expenses.
Getting Around the City
Julia, who commutes from New Jersey to New York City, was surprised to learn she could write off work-related car expenses, including EZ-pass tolls and mileage.
These taxpayers’ experiences serve as a reminder to stay vigilant and informed about potential write-offs. Don’t miss out on savings next year – consult with a financial professional to ensure you’re taking advantage of every deduction available to you!
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