Good tips to keep in mind when you file your taxes
When you dump out your shoe box full of receipts on the kitchen table to do you taxes, sorting out what is deductible and what is not can be the biggest puzzle.“The whole thing is steeped in mysticism,” says Mark Steber, chief tax officer at Jackson Hewitt.That is a plausible reason why 68% of filers forgo this torturous process and file for the standard deduction, according to IRS statistics for 2013, the latest year available. For 2015 returns, the standard deduction is $6,300 for individuals and $12,600 for married couples.
Read Full Story: The Right Way to Itemize These Common Tax Deductions | Money.com
