Welcome to Maxi-Pedia Forum. Maxi-Pedia discussion forum is a free community inviting you to express your ideas and discuss various topics with other contributors.

March 29, 2024, 07:29:59 am *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
 
   Home   Help Search Login Register  
Most Recent Posts:
Pages: [1]
  Print  
Author
Topic: 

common tax deductions 2009

 (Read 10498 times)
bugibar
Full Member
***
Posts: 107


« on: February 04, 2010, 03:39:27 pm »

What are some common tax deductions in 2009?
Logged
Maxi-Pedia Forum
« on: February 04, 2010, 03:39:27 pm »

 Logged
danisara
Sr. Member
****
Posts: 280


« Reply #1 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:

  • job hunting expenses (costs to get to the interview, printing costs, etc.)
  • education expenses (taking classes to requalify)
  • medical/dental expenses
  • vehicle license fee paid with your car registration
  • mortgage insurance premiums
  • tax preparation fees

Logged
steven
Full Member
***
Posts: 223


« Reply #2 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.
Logged
bugibar
Full Member
***
Posts: 107


« Reply #3 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.
Logged
Maxi-Pedia Forum
   

 Logged
Pages: [1]
  Print  
 
Jump to:  

Page created in 0.078 seconds with 22 queries. (Pretty URLs adds 0.001s, 0q)