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Commonly Overlooked Tax Deductions [Infographic]

 

Commonly Overlooked Tax Deductions [Infographic]

Federal Tax Deductions: From the Common to the Uncommon

Staff Reports
by Staff Reports

You probably know that the IRS (Internal Revenue Service) provides a variety of tax breaks for U.S. taxpayers. But are you taking advantage of all the tax deductions that are available to you?

There are a number of commonly used tax breaks, such as deductions for home mortgage interest and qualifying medical expenses. But there are also a variety of tax deductions that are often overlooked – mostly because people don’t know they exist.

The infographic below outlines a dozen federal tax deductions, from the common to the uncommon. Ask your tax professional if you qualify for any of these tax breaks!

 

For more information, see the links below:

Common Tax Deductions

Commonly Overlooked Tax Deductions

Uncommon Tax Deductions

 

SEE ALSO:

Tax Breaks for Parents

5 Tax Deductions for Businesses