Best 9 Deductions on Taxes You Have To Know About
Did you know that the most recent numbers proved that over 45 million of us itemize deductions on our 1040s- which means that we’re claiming $1.2 trillion worth of tax deductions? Yep, I’m not joking, that’s the number: $1,200,000,000,000!
And in the same year, taxpayers decided to claim the standard deduction accounted for $747 billion. As you probably have guessed already, those who took the easy way out short-changed themselves eventually.
Plus, if you turned 65 years old in 2021, you have to know that you qualify for a bigger standard deduction than younger folks. So, we decided to make a list of the 10 most overlooked tax deductions. If you deserve them, claim them as soon as possible! Don’t you want to keep the money in YOUR pocket?
Thank you for sharing this informative information !!!
Can you really deduct reinvested dividends from your income tax?
Not this pertains to this article, but when is a dog considered a domestic animal and a cat isn’t in Ohio and require a license.