All of the little things in your life add up, and you can write-off some of these out-of-pocket costs. Here are some of the more commonly overlooked deductions
Education
- Student-loan interest paid (even if it was paid by parents, as long as the child is no longer claimed as a dependent) – up to $2,500
- Special school costs for special needs students
Job-hunting costs
- Transportation (56 cents per mile, plus parking, taxi fares, and tolls)
- Food & Lodging expenses
- Employment agency fees
- Printing and advertising
- If this is your first job, expenses do not qualify
Job-Related
- Additional education expenses to expand job skills
- Uniforms that are required, not suitable for street wear
- Home-office expenses, if you work from home
- Dues to professional organizations
- Business gifts up to $25 per client
- Travel, meals, lodging, and entertainment for business expenses
- Cleaning/laundering services when traveling for business
- Cell phones/tools required for your business
- HALF of the self-employment tax paid
Medical
- Transportation: tolls, parking, mileage to offices, labs, and pharmacies
- Drug & alcohol abuse programs
- Nursing home expenses
- Medical Equipment
- Aids: crutches, canes, orthopedic shoes/socks, hearing aids, eye glasses, contact lenses
- Equipment for disabled/handicapped individuals
Military