Q&A of the Week September 28, 2022

Question

Which tax deductions are the most overlooked?

Answer

According to Intuit, these are the 10 most overlooked tax deductions:

1. State sales taxes

2. Reinvested dividends

3. Out-of-pocket charitable donations

4. Student loan interest paid by you or someone else

5. Moving expenses

6. Child and Dependent Care Tax Credit

7. Earned Income Tax Credit (EITC)

8. State tax paid last spring

9. Refinancing mortgage points

10. Jury pay paid to employer

Make a note of these for your 2022 tax return! To learn more, read this article from Intuit.