Month: March 2017

Sorting through miscellaneous tax deductions

Most tax-deductible expenses fall into a specific category. For instance, you can usually claim mortgage interest and charitable contributions as itemized deductions on Schedule A of your Form 1040. But there’s a large hodgepodge of other expenses that don’t fit…

Don’t miss a deduction!

Although you can’t deduct the value of time and energy spent on charitable endeavors, you can often write off unreimbursed expenses incurred while performing charitable duties. Here are some of the more commonly overlooked charitable deductions. Travel expenses: Generally, you…