Over-looked Tax Deductions

The end of this month marks the halfway point for the tax season.  If you haven’t filed yet, or you have filed but may want a second look, don’t forget about these often-over-looked deductions:

1.  Investment losses up to $3,000 from ordinary income;
2.  Medical expenses that exceed 10% of your income;
3.  Education creditors for secondary education;
4.  Child care costs;
5.  Work-related expenses;
6.  Student loan interest;
7.  Charitable donations;
8.  Self-employment deductions;
9.  Retirement conversions and rollovers;
10.  Health care premiums.

If you would like some help preparing your income tax return, contact our law office at 816-524-4949 or www.Hoorfarlaw.com.