Tax Deductions You Probably Don’t Know About

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Tax Deductions You Probably Dont Know About
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• It can really pay to think outside of the box
  when it comes to totting up your tax deductions,
  and believe it or not, there are a few creative
  ways in which you can save yourself some money.
  That said, these potential deductions are not
  easy to qualify for, and you would be wise to
  consult a tax professional before taking any
  steps towards creative deductibility.
• Listed below are 4 examples of tax deductions you
  probably dont know about
• Tying the knot
• Recent surveys have suggested that the average
  U.S. bride spends around 1,509 on her wedding
  dress, and the cost of bridesmaids dresses and
  other wedding

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• apparel can amount to more than three times that
  cost. While some newlyweds may prefer to hang on
  to their dress for sentimental reasons, did you
  know that if you donate it - along with any other
  wedding apparel - to charity, you can make a
  deductible claim for it?
• Be sure to keep hold of the receipt for the
  donation, and the amount deductible will be the
  resale price, and this is usually at around half
  the cost of when you purchased it new. If your
  dress or bridesmaids dresses will simply gather
  dust after the wedding, then why not donate them,
  and combine a good deed with a potential tax
  deduction.

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• Owning a working dog
• If you own a dog and use it for legitimate
  purposes related to your business, such as for
  guarding the premises, then you may be able to
  qualify for a deduction under business expenses.
  Creative, but worth looking into.
• Could your prescription save you money?
• Medical and dental expenses may not always be
  straightforward, and you may not always comply
  with their qualifying guidelines, but provided
  you have a prescription that was written for you
  by a qualified medical health physician, then you
  may be able to deduct for certain things. For
  example, if youve recently

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• become wheelchair bound or disabled and needed to
  construct ramps at your home, or have been
  prescribed regular massage or swimming therapies,
  then these may be deductible if you can prove
  that they have been recommended or prescribed to
  you by your GP, or other medical health expert.
• Registering your vehicle could be deductible
• In some U.S. states, the fee for registration is
  based upon the value of the vehicle, and those
  taxpayers who itemize can deduct that portion of
  the registration fee. The fee is required to be
  assessed every year, and as with any creative
  deductions, it pays to check your information
  with a tax professional.

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• For more detailed and up to date guidance on
  these, and any other potential tax deductions,
  please make an appointment to see your local tax
  professional.
• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax service Coral Gables.
  If you are looking for individual tax preparation
  in Miami , Heyer Associates would be a right
  option.