7 Tax Deductions You Didn’t Know You Could Take

7 Tax Deductions You Didn’t Know You Could Take

Like summer camp…and baggage fees…

You guys, the deadline for filing your  taxes has past BUT – there is always next year.  Haven’t even started reviewing your W-2s and 1099s and, gah, so many receipts? It’s not all bad. Here, seven surprising deductions that could save you serious cash.


As long as the job you’re looking for is in your current line of work, it’s A-OK to deduct the costs of interviewing–everything from résumé paper and printer ink to cabs and parking receipts. (Hey, you tried to find on-street parking for, like, four whole minutes.)


The Alliance for Women in Media, Pet Sitters International, the American Association of School Librarians… If you belong to a professional organization, your annual dues and any other miscellaneous membership expenses (like the fee to attend the spring power luncheon) can all be written off.


Come on, the fact that you now parle français totally helped your ability to communicate with clients overseas. And there’s another education-focused payoff: You can get a partial credit on your taxes for any money you put toward advanced learning and improving job-related skills.


Alas, there’s no longer a tax credit for installing storm windows or insulation, but there is a tax credit for adding big-picture eco-friendly items like solar water heaters, wind turbines and more to your home (a whopping 30 percent of the total cost).


That self-funded trip you took to Akron, Ohio, for the freelance assignment of a lifetime? Start itemizing your credit card statement. Travel expenses you incur when self-employed count as tax deductions. (Talk about the perks of being your own boss.)


Sure, you know all about child-care tax credits, but did you know that camp (as long as it’s not overnight) totally counts toward the deduction? Huzzah!


OK, not the ones you actually ate. But if you bought any boxes to donate to a food drive or an organization in need, you have a free pass to write off the cost. Proof that no charitable donation is too small.

  • Note as a Realtor I do not provide Tax advice – just thought this article was interesting. Please contact your CPA for more information.

 I read this article at: http://www.purewow.com/money/7-Tax-Deductions-You-Didnt-Know-You-Could-Take

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The Caton Team - Realtors

Sabrina & Susan are native Californians - born and raised in the Silicon Valley with a passion for Residential Real Estate. A mother and daughter-in-law duo called - The Caton Team. With over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time. Call | Text at: 650-799-4333 | Email Info@TheCatonTeam.com The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true. The Peninsula is our backyard - let us help make it yours. We represent Buyer’s and Seller’s throughout the Bay Area. The Caton Team – Susan & Sabrina A Family of Realtors Effective. Efficient. Responsive. What can we do for you?

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