What You Need To Know This Tax Season

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Tax season is either exciting or disappointing for most Americans. Are you getting a refund, a big refund? You are probably excited. But if April means you owe the IRS they there isn’t much to be excited about.

There are a lot of deductions that you don’t want to miss this year, and you don’t need a CPA to find out what they are. TurboTax has some great information online that will help you get your maximum refund.

The 11 Most Overlooked Tax Deductions
There are some obvious tax deductions listed here but these 11 tips are very helpful. Remember things like reinvested dividends and childcare expenses can be deducted. Their list explains the details about each of these deductions and when you are eligible to take them.

10 Oddball Tax Deductions
These deductions are ones that you are unlikely going to be eligible for, but they are interesting to read. It’s amazing to see what people have tried to deduct and what the courts have let them get away with.

Home Ownership Tax Deductions
If you own your own home you need to review this list of deductions before you file your taxes. Remember that you cannot deduct things like dues to a homeowners association, insurance, appraisal fees or home improvement costs.

New Baby Tax Implications
Everything changes when you have a child, including your taxes. If you had a child this past year make sure you look into the changes having a child makes in your taxes.




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