1. Get back your phone tax- Don't comb through your bills the IRS is permitting this one time tax to include the following
- 1 exemption: $30 refund
- 2 exemptions: $40 refund
- 3 Exemptions: $50 refund
- 4 or more: $60 refund
2. Take a credit for being efficient- For those who are making their homes more energy efficient
3. Write off the nanny-If you you work full time and pay for daycare you are allowed to take a percentage as a write off.
4. Get money back for saving-By putting away savings in retirement funds
5. Self-Employed savers get a break-You may contribute up to 25% of your self-employment income.
6. Deduct work related expenses: Travel costs, phone use, subscriptions, association memberships.
7. State tax: Be sure and deduct this from your federal return.
8. Save on tuition-If you paid tuition this year you may qualify for a refund of up to $2,000
9. Real Estate tax deduction: If you bought property and reimbursed the seller for a portion you may deduct that amount on your return.
10. Save for college-some states offer a deduction if you put money away for the kids college Check out if your state does, visit http://www.savingforcollege.com/529_plan_details/
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