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TurboTax Shares the 10 Most Overlooked Tax Deductions TheStreet 2 days ago © TheStreet TurboTax Shares the 10 Most Overlooked Tax Deductions
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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.)
NevadaUnited-statesTennesseeNew-hampshireSouth-dakotaTexasAlaskaWyomingWashingtonFloridaCaliforniaStates with the Lowest Taxes and the Highest Taxes turbotax 2 hrs ago © TurboTax Tax Software States with the Lowest Taxes and the Highest Taxes Location, location, location is a focus that applies to more than just housing. Where you live can help or hinder your ability to make ends meet.
A myriad of taxes such as property, license, state and local sales, inheritance, estate, and excise taxes can eat away at your income. Often, the biggest tax ticket citizens face after paying the Internal Revenue Service is the one their state presents. As a result, identifying the states with the lowest taxes might be a smart financial move to make.
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