Monday, July 21, 2014

Are You Eligible for These Deductions?

Whether you handle your tax return preparation on your own or hire someone to do it for you, you are probably aware that there are a lot of tax deductions out there. When you qualify for multiple deductions, you can really save yourself a lot of money. Unfortunately, however, there are some truly great deductions available that a lot of people miss out on, simply because they don’t know they exist.

You probably already know, for example, that you can get a nice write-off for cash donations that you make to charitable organizations. Did you know, however, that you can also get a discount for non-cash
donations? Yes, donating that old television set or dryer can add up to a nice discount on your taxes.

You can also catch a big break if you deduct your mortgage interest, something you can only do if you actually live in the home at the current time. But, of course, you don’t have to sniff out all of these deductions on your own. The right tax preparer can find them for you and then make sure you get the full deductions to which you are entitled.