Thursday, February 14, 2008

The 11 Most Overlooked Tax Deductions

Speaking from experience, TurboTax helps find tax deductions you may have overlooked.

Every year, the IRS dutifully reports the most common blunders taxpayers make on their returns. And every year, at or near the top of the list, is forgetting to enter a Social Security number or making a mistake when entering the nine digits that identify us to IRS computers.

Yes, friends, tax time is here and it can be a dangerous time. It’s all too easy to miss a trick and pay too much. Years ago, the head of the IRS told Kiplinger’s Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed in this article on the 11 most overlooked tax deductions.

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