Attention all Sonoma County Tax payers! Don’t forget THESE Tax Deductions when you file for 2012 Returns!
Believe it or not, as taxpayers, we may overlook some seemingly obvious deductions that could save us more of our hard-earned money. Here are some of those items to keep in mind when tax time is looming. Remember, if you’re ever unsure about a specific deduction, ask a trusted tax preparer, or visit www.irs.gov for more information.
Vehicle excise tax.
If you get a bill from your state or local government charging you a tax for owning a vehicle, you may be able to deduct that tax. You can also get the tax deduction if you lease a vehicle and your finance company bills you for the tax.
It pays to save your receipts for job-hunting expenses. These expenses are deductible if they were incurred to locate a new job in the same line of work.
Real estate taxes.
Also, don’t forget taxes you paid indirectly, such as taxes paid through a mortgage escrow account. If you bought a house, check your settlement statement for any taxes which you reimbursed the seller at the closing, too.
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