Get These Tax Break Before They Disappear

“With tax reform on the agenda for 2017, several tax deductions and credits might be sacrificed in order to lower tax rates, so make sure that you claim all of the tax breaks to which you are entitled before they disappear,” said Mark Luscombe, JD, LLM, CPA and principal federal tax analyst for Wolters Kluwer Tax & Accounting.

Here’s The List of Tax Deductions 

  • Home Office Deduction
  • Mortgage Interest Deduction
  • Mortgage Debt Exclusion
  • Home Mortgage Insurance Premium Deduction
  • Charitable Donations
  • Medical,Dental Expense Deductions
  • Medicare Premium Deductions, Self Employed
  • Business Expense Tax Deductions
  • Child Tax Credit
  • Child and Dependent Care Credit
  • Adoption Credit
  • Earned Income Credit

 

 

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