what are some items you can write off during tax time?

Answer 1

Check out this link 'Should I itemize?' http://www.irs.gov/taxtopics/tc501.html . The standard deduction was $5000 last year, so you would need itemize at least this much. Medical and dental deductions are allowed for the amount that exceeds 7.5% of your 'adjusted gross income.'.

Answer 2

Everyone's situation is different. You get write offs for dependants and child care, educational and/or medical expenses, business expenses, charitable contributions, professional services, losses from various sales, etc. The library has professionally written books about taxes and it pays to read a few to see what kind of IRS sponsored tax write offs can help reduce your tax bracket. Hopefully you have taken advantage of pre-taxed opportunities like a 401K plan and flexible spending medical account which comes right off the top.

Answer 3

Not everyone gets to take all of these, so speak to a tax advisor about your specific situation: Child/dependent care expenses (while parents work), some college education expenses, medical and dental expenses (at least 7.5% of your total income), charitable contributions, work expenses (if not reimbursed), business use of home, mortgage interest deduction, property taxes paid, student loan interest, and you receive credit for contributing to an IRA. I would talk to someone who is familiar with your situation. Good luck.

Answer 4

Try doing your taxes yourself at home, then go to a taxpreparer. You will probably see a big difference. I believe tax preparer fees are tax deductible, so why not go ahead and have them done right.