Don’t overpay taxes this season
Family Features | 2/12/2018, 7:36 a.m.
- New Moms
Breast pumps and lactation supplies are considered medical equipment, which means they qualify for a possible deduction.
- Career Corner
Job hunting often means investing both time and money. However, you may be able to deduct some of the job-search expenses you incur. Costs such as preparing resumes, creating and maintaining websites, business cards, agency fees and travel expenses may be eligible.
- Wedding Bells
If you were married in a church or at a historical site during the past year, you may be able to deduct fees paid to the venue as a charitable donation.
- Medical Fitness
While general toning and fitness workouts to improve general health are considered personal expenses, you may be able to deduct your gym membership as a medical expense. If a doctor diagnoses you with a specific medical condition, such as obesity or hypertension, or a specific physical or mental illness, and prescribes workouts or participation in a weight-loss program to treat your illness, the membership dues may be tax-deductible.
- Road Warriors
If you travel for business and aren’t reimbursed by your employer, those costs can qualify as a deduction.
Every possible tax credit and deduction can help when money is tight. You might qualify for at least one overlooked credit or deduction – and maybe more than one. Consult a tax professional to discuss how you can maximize your refund and learn more at http://www.jacksonhewitt.com.
If you’re getting a refund, you typically want it as soon as possible, but that isn’t always an option, especially if you are one of the millions of Americans who claim either the Earned Income Tax Credit or Additional Child Tax Credit. You could access up to $3,200 with a no-fee Refund Advance loan at zero percent annual percentage rate, offered by MetaBank, at participating Jackson Hewitt locations. Terms apply, visit http://www.jacksonhewitt.com for details.
Did You Know?
The IRS, as well as many states, allows taxpayers to catch up on missed credits or deductions, offering a three-year window for filing an amended tax return. You can secure unclaimed credits and deductions by filing amended tax returns to avoid losing any unclaimed funds from as far back as 2014.
With locations across the United States, including kiosks in 3,000 Walmart stores, the tax professionals at Jackson Hewitt make it easy to stop in when it’s most convenient for you.
If you are a single parent, you can file as Head of Household instead of Single. This filing status can provide better deduction options and a lower tax rate schedule.