7 Out of 10 Americans Lost These Tax Breaks When They Filed Last Year

In order to keep as much of your money as you can, try not to make the mistakes of last year, as many unfortunately did. Just be sure to claim every tax deduction, credit or income adjustment when you are perfectly entitled to.

Photo by zimmytws from Shutterstock

1. Additional charitable gifts

We all remember to count the charitable contributions, but the additional gifts are often overlooked. For example, if you buy some supplies for a group of people, the cost of those supplies is actually deductible as an itemized charitable donation.

Also, if you wear a uniform while helping others—for example, as a hospital volunteer or youth group leader—the costs of that apparel can be counted as a charitable donation. The Internal Revenue Service will also deduct your rides if you use your vehicle for charitable purposes, such as delivering meals to the housebound in your community.

1 23 ... 7NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

Beer with friends.

Do You Know Which States Have the Highest Beer Taxes?

Whether you’re cracking open a cold one during a hot summer day or enjoying some liquor by the fireplace around the holidays, there’s no question that alcohol can be highly enjoyable. What might ruin your mood for a glass, however,

From Our Network: