Most overlooked Tax deductions
 

From HRBlock

There's a huge list there with detailed information about these

* Hybrid cars can help you save in taxes
* Student Loan Interest Deduction
* Donate Your Car to Charity
* Claiming a Loss from a Natural Disaster
* Deducting Work Uniform Expenses
* Reduce Your Taxes with Home Ownership
* Tax Breaks for Higher Education
* Bunching Charitable Deductions
* Itemizing for Non-homeowners
* Less Obvious Donations Add Up
* Stock or Mutual Fund Donations
* Keep Track of Holiday Donations
* Paying More for Charitable Items Counts
* Home Office Expenses

This is a useful post. The USA continues to let us know what we have to pay taxes on, but never lets us know how to reduce them...


Also live outside of the USA for 330 days per year and do not pay tax on your first 85k of income. I think it is 90k for 2007:2 cents:

Mr. Romance

How do they know you're living outside the US? Do you file a form or something?

For those in Canada, here's a few more to remember;

- employees can receive up to $500 non-cash gift per year tax-free.
- social events where all employees are invited are tax-deductible up to $100/person.