{"id":109,"date":"2017-01-21T16:31:18","date_gmt":"2017-01-21T14:31:18","guid":{"rendered":"http:\/\/e-merald.com\/themes\/annuity-wp\/?p=109"},"modified":"2021-04-07T18:05:39","modified_gmt":"2021-04-07T16:05:39","slug":"tax-deductions-and-credits-that-are-often-missed","status":"publish","type":"post","link":"https:\/\/e-merald.com\/themes\/annuity-wp\/tax-deductions-and-credits-that-are-often-missed\/","title":{"rendered":"Tax Deductions and Credits that are often missed"},"content":{"rendered":"

Tax filing season for calendar 2016 opened on January 20, 2017. Here is a list of tax deductions and credits that are often missed by taxpayers because they were not aware that the expenses qualified for a tax deduction or credit.<\/p>\n

Medical Related<\/h3>\n

(Total expenses must exceed 10% (7.5% if age 65+) of Adjusted Gross Income to be deductible)<\/p>\n

    \n
  1. Alcoholism and drug abuse treatment<\/li>\n
  2. Contact lenses, eyeglasses and hearing aids<\/li>\n
  3. Long-term care insurance premiums<\/li>\n
  4. Medical transportation costs, including the standard mileage rate of 23 \u00bd cents<\/li>\n
  5. Lodging expenses incurred for medical reasons<\/li>\n<\/ol>\n

    Employment Related<\/h3>\n
      \n
    1. Costs of looking for a new job in your present occupation<\/li>\n
    2. IRA deduction for contributions made after the end of 2014 but before April 15, 2015<\/li>\n
    3. Employee\u2019s moving expenses<\/li>\n
    4. Education that is work related<\/li>\n
    5. Unreimbursed employee expenses, such as license fees, business subscriptions<\/li>\n
    6. Health care insurance premiums and 50% of self-employment tax for self-employed<\/li>\n
    7. Medicare premiums paid by the self-employed<\/li>\n
    8. Simplified Employee Pension (SEP) IRAs for self-employed<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

      Tax filing season for calendar 2016 opened on January 20, 2017. Here is a list of tax deductions and credits that are often missed by taxpayers because they were not aware that the expenses qualified for a tax deduction or […]<\/p>\n","protected":false},"author":2,"featured_media":80,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[10,16],"_links":{"self":[{"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/posts\/109"}],"collection":[{"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/comments?post=109"}],"version-history":[{"count":0,"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/posts\/109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/media\/80"}],"wp:attachment":[{"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/media?parent=109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/categories?post=109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-merald.com\/themes\/annuity-wp\/wp-json\/wp\/v2\/tags?post=109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}