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Anyone want to share their tax season tips?

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MissJones
I need a nap!

Member since 5/05

22134 total posts

Name:

Anyone want to share their tax season tips?

What are things you claim as deductions?

How do you keep track of your deductions?

I have ideas in my head, but I'm sure there are things that I miss, so I'm looking for tips.

Posted 2/21/08 8:44 PM
 
Long Island Weddings
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donegal419
St. Gerard, pray for us.

Member since 7/07

7650 total posts

Name:
K

Re: Anyone want to share their tax season tips?

there is a teacher's discount... $250.00 tax deductible. you don't need to submit receipts. it's not a lot obviously, but i'll take it. we all spend at least that on our classes!

Posted 2/21/08 8:58 PM
 

smdl
I love Gary too..on a plate!

Member since 5/06

32461 total posts

Name:
me

Re: Anyone want to share their tax season tips?

My best tip:

Go to a professional who knows what he/she is doing. They know the Law, what you can deduct and tell you about deductions you would not even think of.

I used to do my own taxes. No more!

Posted 2/21/08 9:10 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Anyone want to share their tax season tips?

Posted by smdl

My best tip:

Go to a professional who knows what he/she is doing. They know the Law, what you can deduct and tell you about deductions you would not even think of.


ITA! worth every penny IMO.

Posted 2/21/08 9:11 PM
 

Whamtastic
LIF Adult

Member since 1/07

997 total posts

Name:
Big Fat Baby with a Blackberry

Re: Anyone want to share their tax season tips?

I keep track of anything I think might be deductable, keep it in a spreadsheet and keep all receipts that go with them. Then I bring them to a professional who can decide what is legit and what isn't. On my list is ANYTHING I bought that has anything to do with my job/career or DH's, any medical expenses and charitable contributions.

Posted 2/21/08 9:14 PM
 
 

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