Monthly Archives: May 2015

Tax Deductions Most People Miss On TurboTax

Discover the Most Overlooked Tax Benefits

Reduce your taxes by claiming tax deductions. The following is a list of tax deductions most people miss on Intuit’s Turbotax.

1. State Sales Tax
When doing business, payment of sales tax to the state is often necessary. For individual taxpayers, moneys paid towards sales tax can be claimed as tax deduction. For instance, if you purchased a car, you can claim a deduction equivalent to the sales tax rate for your state on the value of that vehicle.

2. Reinvested Dividends
This is not really a tax deduction … Read the rest

Share/Bookmark
Share/Bookmark