![]() According to the IRS, you can deduct your moving expenses if you meet all three of the following requirements: You don’t need to itemize to deduct your moving expenses. Moving for a new job: This is one of the most common expenses for new graduates who are starting their career. Which Tax Deductions or Credits Can You Claim?ġ. Others choose to go to one of the tax shops that crop up during tax season without realizing most of them are more interested in selling you a loan rather than doing your taxes correctly. That, however, won’t be of any help if you decide it isn’t worth the time to go through the more time-intensive versions of the tax software and opt instead for the free EZ version. That is why I decided to write this post, focusing on people in their 20s - to get their attention, and to tell them there are reasons to take a second look at their taxes (though taxpayers of any age can equally take advantage of these deductions/credits).Ī lot of tax software programs do guide you through these deductions. The assumption that paying attention to taxes at this stage provides little benefit, can result in us losing out on a lot! Most of us who are starting our financial journey think this. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |