7 Tax Deductions You Didn’t Know You Could Take
Like summer camp...and baggage fees
You guys, the deadline for filing your 2015 taxes is coming up super soon. (Save the date: It was extended to April 18 this 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.
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!
GIRL SCOUT COOKIES
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.