How many times have you finished your taxes and sent them off, only to hear later about a deduction that would’ve been perfect for you? Well, if you’re anything like me, that scenario has played out in your life more than once. Given the fact that it takes the Internal Revenue Service over 70,000 pages to explain the 2010 tax code, it’s understandable how you could miss a deduction or two along the line. Let’s highlight a few of the most commonly overlooked tax breaks.
Tag: income tax returns
As almost all of us have discovered at one point or another, the Internal Revenue Service’s tax code is constantly changing. A tax credit that you’ve used for years might be snatched away from you. Or you could suddenly find yourself eligible for a new deduction that was just added to the books. Let’s take a look at some of the ways that the tax rules have evolved this year and how they might affect you.