Title: common tax deductions 2009 Post by: bugibar on February 04, 2010, 03:39:27 pm What are some common tax deductions in 2009?
Title: Re: common tax deductions 2009 Post by: danisara on February 04, 2010, 04:08:00 pm What are some common tax deductions in 2009? Here are a few of common tax deductions 2009 that people often forget about:
Title: Re: common tax deductions 2009 Post by: steven on February 16, 2010, 10:32:36 am Many people forget that if you run a business you can deduct some portion of your home (for having office in your home) including utilities, property taxes, etc. This can save you a lot of money.
Title: Re: common tax deductions 2009 Post by: bugibar on February 17, 2010, 01:50:50 pm This is great, thanks to everyone.
I also found out there is a deduction for medical expenses. There is some 7 1/2 % rule though. Only unreimbursed expenses that exceed 7 and 1/2 percent of Adjusted Gross Income qualify. Not very useful for some small expenses but for someone who went through surgery without health insurance (appendix for $13K), it is great help. More information in IRS Publication 502: Medical and Dental Expenses. |