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6 Ways You Might Be Eligible for a Tax Write-Off
Michael McDonald
April 7, 2021, 9:00 AM
A woman sits at her dining room table with laptop and financial reports doing her monthly budget.
Tax season is here, and people are scrambling to find every opportunity to get the biggest tax write-offs possible. There are plenty of esoteric deductions, but those savings are relatively small for most people.
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Last updated: April 7, 2021
Woman working on computer in her home office during pandemic quarantine.
1. Job Expenses
Even if you are not self-employed, some career expenses might be deductible. To be eligible, the expenses must be necessary for you to do the job for which you were hired. In addition, you must itemize your deductions, and the total costs must exceed 2% of your adjusted gross income.Job-related licenses and regulatory fees are deductible for many people. From real estate agents to medical doctors, many professio