Sunday, March 15, 2026

Reply To: What are the most commonly overlooked tax deductions people miss out on?

#1503
mrkavin
Participant

Thatโ€™s a great question. A lot of people do miss out on hidden savings at tax time. Some often-overlooked deductions include home office expenses, professional development or education costs, health insurance premiums for self-employed individuals, and mileage for business-related errands. Small business owners also forget deductions for software subscriptions, marketing, or even part of their phone bill. These can really add up when tracked properly throughout the year.

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