Was one of your biggest regrets this past tax year the fact that you didn’t keep adequate records of all of the deductions you could have claimed? Get a jump on next year’s tax return by starting to keep those records now. There are a variety of expenses that you can deduct, depending on your eligibility, and Taxation Solutions, Inc. can help you pinpoint what will work best in your case.
In general, however, the following expenses are tax-deductible:
- Charitable donations to recognized nonprofit organizations
- Expenses related to volunteer work
- Business expenses not reimbursed by an employer
- Certain medical expenses
- And more!
In order to ensure that you deduct everything you possibly can and thereby reduce your total tax liability -without going overboard and putting yourself at risk of an audit- contact Taxation Solutions, Inc. to discuss your situation. If you live or work in the St. Louis area, one of our tax specialists can walk you through the deductions for which you may be eligible, based on your employment and personal circumstances. Regardless, keeping thorough records early in the year will help you out the next time April 15 rolls around!