-- Franklin D. Roosevelt
Thanks to the weekend and Emancipation Day on Monday (a legal holiday in DC) Tax Day is Tuesday, April 18 instead of April 15, so you still have some "wiggle room" to gather up all those receipts and do all the necessary calculations. There are plenty of tips on the IRS website to help make your filing easier including trying IRS e-file and making sure you have all your records in order. What about deductions? Here are some things you might not know are deductions.
Be sure to take them into consideration when doing your taxes and pick up your software to do your Federal and State Taxes now.
You can even take a class in tax preparation online for just $10. With the money you'll save, take a relaxing cruise -- you deserve it! Summer is now on sale at Princess Cruises -- up to 40% Off!
Some top deductions to consider...
If you volunteer for a charity and need to pay a sitter to watch the kids while doing so, you many deduct the cost as a charitable contribution. (TurboTax)
Your Job Search
If you've been looking for a job in 2016 and it's in the same field as your past job, you many deduct things like mileage and the cost of printing resumes. (TurboTax)
Tax Preparation Fees
Your miscellaneous tax deductions list is where you can deduct your prep and electronic filing fees if they are more than 2% of your AGI. (Go Banking Rates).
Your Favorite Hobby
It's just your hobby, but you love it! If you have losses from your hobby, you can deduct that from your income. (Go Banking Rates).
Cleaning and Laundry Services
If you travel a lot, you may deduct your laundry services while traveling, if they aren't reimbursed by your employer. (The Fiscal Times)