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Tagged: savingmoney, taxdeductions, taxplanning
Fahima AlponaI often hear people say they’re probably leaving money on the table at tax time without even realizing it. Beyond the usual deductions everyone knows about, what are some of the commonly overlooked tax deductions that individuals or small business owners tend to miss? I’m curious to learn which ones could make a meaningful difference but fly under the radar.
mrkavinThat’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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