2009 Tax – Free Tax Return Filing Options

Free Tax Return Filing Options

5 Overlooked Tax Deductions from Turbo Tax

TurboTax - Federal Free Edition

5 Overlooked Tax Deductions from Turbo Tax

According to Turbo Tax, 51 million tax payers itemized their deductions in 2007 claiming over 1.33 trillion in tax deductions. While 91 million tax payers claimed the standard deduction and reduced their taxes by 654 trillion. Now the numbers do look very good for the standard deduction tax payers but if you don’t look at both deduction methods when preparing your taxes, you could be missing out on some very good deductions.

For five often overlooked federal tax deductions look at state sales taxes paid, reinvestment dividends, charitable contributions, student load … Read more at 2009 Tax.

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