Surprising Tax Deductions

The only thing worse than filing your taxes is having to pay for them! What is amazing is every single year high percentages of Americans file their taxes without including all of the deductions they qualify for! This is one more great reason working with Enrolled Agent, Sandra King can help you save money! She has spent years studying tax laws and has great insight and knowledge on how to save you money!

Listed below is a list of surprising tax deductions you may not know about:

Gambling Losses: That is right! If you love to gamble but do not have the best of luck, you can actually deduct your losses! Now there is some fine print here. One, you have to keep excellent records. Two, you cannot claim more losses than wins. If you win 10,000 and lost 12,000, you can only claim 10,000 of your losses!

Babysitter Costs: If you spend your time volunteering and have young children who require a babysitter, then you qualify for this deduction! Make sure, as always, that you keep excellent records and can prove that you do charitable volunteer work!

Health Insurance Premiums: While many people will qualify for this deduction, it will not apply to everyone. Scheduling an appointment with Enrolled Agent, Sandra King, will help give you a more in-depth look at how this particular deduction works. Schedule an appointment today to find out what deductions you qualify for.

Lifetime Learning: No matter what your age is, or your level of education, if you are in the right tax bracket the government will offer you up to 20 percent off the first 10,000 dollars you spend on education, after high school, to further your education! This does not have to be used towards a degree but can be used for furthering education expenses.

Job-related Costs: Do you have a job that requires you to dress a certain way? Do you need to have your clothes dry cleaned for work? All of these things plus many more qualify as a tax deduction! Do not miss out on these great breaks!

Sandra King Enrolled Agent

Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.

 
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