At Tax Time, Make Sure You Don't Overlook These Deductions & Credits


At Tax Time, Make Sure You Don't Overlook These Deductions & Credits

Dec, 19th 2016

For many taxpayers, tax preparation is both a curse and a blessing.

It's a curse because it's cumbersome to take a walk through our past year's worth of finances and what could be a sea of receipts. It's can also be extremely complicated without the right software and/or professional assistance. The U.S. tax code consists of more than 10 million words these days, and that doesn't count the novel's worth of pages of litigation that helps explain certain tax laws.

At the same time, it's often rewarding because four in five taxpayers are due a refund from the federal government each year. In 2016, this average refund check topped $2,700. That sizable amount could be the beginnings of an emergency fund, investable money for a retirement account, or enough to...

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