6 overlooked tax deductions and credits that could score you a big return
Posted by Steve Harmer on
As tax season approaches, now is the time to educate yourself on some of the lesser-known tax deductions and credits you might qualify for.
That’s especially true if you want to save some money or score a return. Here are six surprising options that could score you some major money.
Employment expenses
Many people think that only self-employed individuals can deduct work expenses on their tax returns, but that’s actually not the case. If you are salaried or commissioned and your employer requires you to pay expenses to earn your employment income, you can deduct those costs.
The following qualify and can be deducted under employment expenses on line 229 of your tax return:
- Accounting and legal fees (applies to commission income only)
- …
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