Are You Searching for the Best Health Related Information?

You wouldn’t believe the number of deductions that are overlooked each year, by taxpayers just like you. That’s right; these money-saving deductions are missed by countless income earners every tax season. Read on and arm yourself to take full advantage of these deductions and get back what you deserve:

1. Student loan interest 2. Self-employment tax paid (50% is deductible) 3. Health insurance premiums for some self-employed persons 4. Penalty on early withdrawal of savings 5. Alimony paid (not including child support) 6. Medical transportation costs 7. Nursing home medical care expenses 8. Certain medical aids 9. Hearing aids, eye glasses, and contact lenses 10. Some hospital fees 11. Medical equipment for disabled or handicapped individuals 12. Certain life-care fees paid to retirement home 13. Alcohol, drug abuse treatment, and certain stop-smoking treatment costs 14. Special school costs for mentally or physically handicapped individuals 15. Nursing service costs 16. Prior year State income taxes 17. Estimated state taxes for the last quarter of the year 18. Personal property taxes on cars, boats, etc. 19. Taxes paid to a foreign government 20. Mandatory contributions to state disability funds 21. Points paid on mortgage or refinancing 22. Property donated to a recognized charity 23. Cash contributions to a recognized charity 24. Mileage costs for charitable activities 25. Qualified casualty and theft losses

Note: Not every item will be applicable to your situation.

For further advice on taking advantage of these as well as other deductions, contact a local tax preparation service like Jackson Hewitt. Also, follow these links to other interesting topics that can help you save on taxes and keep more money in your pocket: Tax Tips and Tax Help. http://www.jacksonhewitt.com.

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