7 Tax Deductions You Didn’t Know You Could Take

7 Tax Deductions You Didn’t Know You Could Take

Like summer camp…and baggage fees…

You guys, the deadline for filing your  taxes has past BUT – there is always next year.  Haven’t even started reviewing your W-2s and 1099s and, gah, so many receipts? It’s not all bad. Here, seven surprising deductions that could save you serious cash.

RÉSUMÉ PAPER

As long as the job you’re looking for is in your current line of work, it’s A-OK to deduct the costs of interviewing–everything from résumé paper and printer ink to cabs and parking receipts. (Hey, you tried to find on-street parking for, like, four whole minutes.)

MEMBERSHIP DUES

The Alliance for Women in Media, Pet Sitters International, the American Association of School Librarians… If you belong to a professional organization, your annual dues and any other miscellaneous membership expenses (like the fee to attend the spring power luncheon) can all be written off.

FRENCH CLASSES

Come on, the fact that you now parle français totally helped your ability to communicate with clients overseas. And there’s another education-focused payoff: You can get a partial credit on your taxes for any money you put toward advanced learning and improving job-related skills.

GOING GREEN

Alas, there’s no longer a tax credit for installing storm windows or insulation, but there is a tax credit for adding big-picture eco-friendly items like solar water heaters, wind turbines and more to your home (a whopping 30 percent of the total cost).

BAGGAGE FEES

That self-funded trip you took to Akron, Ohio, for the freelance assignment of a lifetime? Start itemizing your credit card statement. Travel expenses you incur when self-employed count as tax deductions. (Talk about the perks of being your own boss.)

SUMMER CAMP

Sure, you know all about child-care tax credits, but did you know that camp (as long as it’s not overnight) totally counts toward the deduction? Huzzah!

GIRL SCOUT COOKIES

OK, not the ones you actually ate. But if you bought any boxes to donate to a food drive or an organization in need, you have a free pass to write off the cost. Proof that no charitable donation is too small.

  • Note as a Realtor I do not provide Tax advice – just thought this article was interesting. Please contact your CPA for more information.

 I read this article at: http://www.purewow.com/money/7-Tax-Deductions-You-Didnt-Know-You-Could-Take

Remember to follow our Blog at: https://therealestatebeat.wordpress.com/

Got Questions? – The Caton Team is here to help.  

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522

Want Real Estate Info on the Go? Download our FREE Real Estate App:  http://thecatonteam.com/mobileapp

Visit our Website at:   http://thecatonteam.com/

VISIT OUR INSTAGRAM PAGE: http://instagram.com/thecatonteam

Visit us on Facebook:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

Yelp us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

Or Yelp me: http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

Connect with us professionally at LinkedInhttps://www.linkedin.com/in/sabrinawendtcaton

Please enjoy my personal journey through homeownership at:

http://ajourneythroughhomeownership.wordpress.com

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE# 70000218/ Office BRE #01499008

 

Advertisements

Published by

Sabrina Caton - The Caton Team Realtors

A native Californian with a passion for residential real estate and writing. A full time Realtor with Berkshire Hathaway HomeServices - Drysdale Properties.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s