10 Commonly Overlooked Tax Deductions

My wife and I are preparing to file our taxes. I’m glad that I did some digging around on the web first. I wasn’t aware of some of the deduction options, like the childcare one below. Maybe this will help some of you as well..

Reblogged from Holy Kawl

Taxes—they’re stressful, they’re tedious, and they must be done. To make the process more tolerable, here are ten of the most overlooked tax deductions. Be sure you don’t miss out on this post. Your bank account will thank you!

• Overlooked mileage deductions—You can deduct mileage if you were driving primarily for medical care or charity work.
• Tax deductions for going green—These tax credits can earn you big bucks for making small to large investments in increasing your home’s energy efficiency.
• Tax credits for working parents—If you pay for childcare (including daycare or nanny services), you can reduce your taxes up to $3,000 for a single child and up to $6,000 or more for two or more children under the age of thirteen.

Full story at Wallet Pop