5 Overlooked Tax Deductions You Might Be Missing

Save more on major expenses by deducting state sales tax on big purchases.

– If your state doesn’t impose an income tax, you may deduct state sales tax instead. – This applies to significant purchases such as vehicles, boats, and home improvements.

Deduct medical expenses that exceed 7.5% of your total income.

You can deduct unreimbursed medical and dental expenses that exceed 7.5% of your adjusted gross income (AGI). This includes costs like prescriptions, doctor visits, and certain treatments.

Charitable Donations

You can deduct donated items, travel expenses for volunteering, and mileage related to charity work. – Always keep records of donations! Contact Jarrar & Associates CPA today for expert tax planning!