tax deductions?

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what are some common tax deductions that most people dont know about ?

2007-02-06 23:06:35 · 2 answers · asked by smooches986 4 in Business & Finance ➔ Taxes ➔ United States

2 answers

Students who get grants and scholarships (and their parents if applicable) should read Pub 970 and understand how little of their tuition fees are excluded from the Hope or Lifetime Learning Credits.

On the other hand they may also discover they claimed too much last year and the IRS has yet to catch up with them....

2007-02-06 23:11:44 · answer #1 · answered by skip 6 · 0⤊ 0⤋

There are many tax deductions and you can find most common tax deductions at
http://www.bestonlinetaxpreparation.com/Tax-Deduction.html

2007-02-07 09:07:52 · answer #2 · answered by onlinetaxsiteswatch 2 · 0⤊ 0⤋