Overlooked Deductions That Might Save You Money

When you calculate your final level of income tax at the end of the year, you might not be pleased by the amount of money that you have to pay. In order to reduce your total amount of taxable income, you are going to want to ensure that you hit as many deductions as you possibly can. Here are some of the more commonly overlooked income tax deductions that you might be able to use.

1. Costs of Moving Your Pet

If you need to move to another city or even just another part of town in order to do your job more effectively, some or all of these costs are deductible. You probably already know this. However, you might not know that the cost of moving your pet is also deductible. This means that if you have to get a special carrier for your cat in order to keep him or her from clawing up the inside of your car, that's deductible. If you have to pay extra for a plane ticket for your dog, then you can deduct that as well. This will allow you to decrease the total amount of money that you are going to have to pay. 

2. Swimming Pools

Swimming pools cost tons of money to install and to maintain. You might feel that you are throwing money at them. However, if you are able to prove that you have a medical condition that is alleviated or improved by swimming regularly and that is the reason why you put in your pool, then any maintenance costs or installation costs can fall under medical equipment and costs, meaning that they are tax deductible. If you put this deduction down, be prepared with a statement from your doctor with your exact diagnosis and a treatment plan that includes swimming on a regular basis, as well as exactly why swimming improves your condition.

3. Clarinet Lessons

If your child has an overbite, then you might be able to use his or her clarinet lessons as a form of medical treatment. For some people, the clarinet forces the front teeth back into a more normal position as the child plays regularly. If you can get a dentist to admit that there has been improvement in the overbite after having your child go to private lessons and practice regularly for an extended period of time, then the child's clarinet lessons can count as medical expenses.

For more information, talk to a company that specializes in income tax preparation, such as UniqueTAXx AND ACCOUNTING.