23 tax deductions you should know about

  • Cash donations
    IRS-approved cash donations to charities can be deducted up to 50% of your adjusted gross income.
  • Non-cash donations
    If you itemize your list, you can claim the fair market value of the household items and clothing you donated.
  • Donate time and expertise
    Puede deducir el costo de la gasolina de los viajes hacia y desde tus lugares de voluntariado.
  • Job Search Expenses
    If you itemize your list, expenses incurred in your job search can be deducted, such as shipping, printing, and mailing.
  • Relocation for a job
    If you meet the IRS distance and time tests after moving for a new job, you can take the moving expense deduction. This includes the costs of moving belongings and traveling to your new home and the cost of lodging for household members.
  • Tax Preparation Fees
    Whether you paid someone else to pay your taxes or completed them yourself, you can include those fees in your list of miscellaneous tax deductions if the fees add up to more than 2% of your adjusted gross income.
  • Home Renovation Deduction
    Generally, home improvement expenses are not deductible. However, if the improvements made are for medical purposes, you can deduct those renovations as medical expenses.
  • Home business expenses
    Expenses incurred while using your home as the primary location for your business may be deductible.
  • Business travel expenses
    You may be able to deduct expenses incurred during business travel that were not reimbursed by your employer.
  • Hobby expenses
    If you suffered a net loss from a hobby, it may be deductible.
  • Safe-deposit box
    Safe deposit box fees for document storage related to tax investments are tax deductible.
  • Losses per game
    Gambling losses may be deductible up to the amount of gambling income you have reported.
  • Robbery and disaster
    Household items and vehicles not covered by insurance are deductible.
  • Self-employment health insurance expenses
    Premiums paid for medical and dental insurance are deductible for self-employed taxpayers.
  • 401k contributions
    The money you contribute to your 401k from the income you claimed on your federal returns in deductible.
  • Union dues
    You can deduct union dues and initiation fees from taxable income.
  • Work attire
    Clothing such as work clothes and uniforms that are not suitable for daily wear can be deducted.
  • Senior Citizen Tax Deduction
    If you and your spouse were age 65 or older in 2022, you are eligible for a higher standard deduction.
  • Car registration fees
    Vehicle registration fees may be eligible for a deduction.
  • Jury duty
    If you gave your jury pay to your employer because your employer continued to pay you, you can deduct jury pay from your taxable income.
  • Earned Income Tax Credit (EITC)
    EITC is a refundable tax credit intended to supplement income.
  • Deduction for bad debt
    You may qualify for a tax refund if money was lent to you and never paid back.
  • Sales tax
    Taxpayers can choose to deduct state and local income taxes or state and local general sales taxes.

If you need extra help you can consult our chatbot specialized in taxes here and you can also download the Pullce app where you will find various tools such as tax estimation, deductions, you can also schedule an appointment for one of the professional tax preparers from our team to help and advise you.