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10 Creative (But Legal) Tax Deductions

20 Most-Overlooked Tax Deductions, Credits and Exemptions

Want to lower your tax bill? Then don't miss these frequently overlooked tax breaks.

TurboTax Shares the 10 Most Overlooked Tax Deductions

TurboTax Shares the 10 Most Overlooked Tax Deductions TheStreet 2 days ago © TheStreet TurboTax Shares the 10 Most Overlooked Tax Deductions Subscribe to the Turbo Tips podcast on Apple Podcasts, Spotify and iHeartRadio for more tax tips in 5 minutes or less! Get your share of more than $1 trillion in tax deductions The most recent numbers show that more than 45 million of us itemized deductions on our 1040s claiming $1.2 trillion dollars worth of tax deductions. That s right: $1,200,000,000,000! That same year, taxpayers who claimed the standard deduction accounted for $747 billion. Some of those who took the easy way out probably shortchanged themselves. (If you turned age 65 in 2018, remember that you deserve a bigger standard deduction than younger folks.)

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