Clients of PorterKinney receive a list of 50 commonly-missed deductions.
Here are some highlights from that list of tax deductions:
- Charitable Miles Driven
- Interest on RV or Boat (that could qualify as a second home) loan. HINT: You don’t actually have to live there.
- Sales tax paid on a Motor Vehicle, Boat, Aircraft, Home (mobile, manufactured), or substantial addition or major renovation to a home
- The work-related (or business-related) portion of your cell-phone bill
- The work-related (or business-related) portion of your internet bill
- Refinance loan origination fees
- Real estate taxes (on main home and other homes and land)
- Mortgage insurance Premiums (if home closed after 2006)
- Home equity loan interest
- Out-of-pocket volunteer expenses
- Non-cash charitable donations (HINT: Goodwill)
- Dependent Care Expenses (including preschool)
- Books and other educational supplies for undergraduates who qualify for the American Opportunity Credit (such as books or Laptop computers)
- Cell phone or computer purchase (used for work or business)
- Protective clothing required at work
- Union Dues
- Tools and Supplies used for work or business
- Job education (including travel to deductible job education)
- Job-hunting costs in the same line of work
- Home Office Expenses
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