5 Tax Deductions Most People Miss

Did you know that there are common deductions that many people forget? Here are five tax deductions you might be overlooking:

1. Medical Expenses: If you spent more than 7.5% of your income on medical costs, you could deduct the excess.
2. Student Loan Interest: Even if someone else helps pay your loans, you might qualify for this deduction.
3. Home Office Deduction: If you work from home, you may be able to deduct a portion of your rent, utilities, or internet.
4. Charitable Donations: Contributions to qualified charities, including donated goods, can be deducted.
5. Job Search Expenses: Costs related to looking for a new job in your field, like resume services, might be deductible.

Tip: Always save your receipts and check with a tax professional to ensure you qualify.