Tax Deductions you Don’t Want to Miss

One of the biggest changes the new tax law brings is a near doubling of the standard deduction, which means fewer people will likely have to itemize. Here are some tax breaks that everyone should consider (if they apply to you):

• Individual Retirement Accounts (IRA)
• Health Savings Account (HSA) in conjunction with a High-Deductible Health Plan (HDHP)
• Self Employment
• Alimony
• Educational Costs
• Business Expenses
• Early Withdrawal Expenses
• Moving Expenses (when you change jobs — if you’re a service member)

Read more about these deductions in the full article Claim These Tax Deductions Even If You Don’t Itemizeon kiplinger.com.

Credit to kiplinger.com
Claim These Tax Deductions Even If You Don’t Itemize
By David Muhlbaum, Senior Online Editor, September 11, 2018