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Tax Deductions You Won’t Want To Miss This Season

 
Doing taxes
 

Tax season is here, and if you haven’t filed yet, you should definitely plan on doing it soon! Sure, taxes can be stressful, but we have some tips for more deductions beyond the standard ones we most likely know already (which could mean more savings). 

  • Student Loan Interest Payments. Paying interest on your student loans counts as a deduction! Who knew debt could actually help you out financially?

  • Educator Expenses. Are you a teacher who purchases supplies for your classroom? Deduct it! Buying those new whiteboard markers was a really good idea.

  • Contributions To Retirement Accounts. If you contributed to an IRA or a 401(k), you can deduct it. Congrats on making the future brighter in more ways than one!

  • Contributions To Health Savings Accounts. Put money into an HSA? Just like an IRA or a 401(k), you can deduct it! Your physical and financial well-being thank you. 

  • Home Office Expenses. This one isn’t exactly what you think - you can only deduct home office expenses if you are self-employed. Working from home does not qualify.

Ready to file but have no idea where to start? We have you covered! We’ve partnered with Love My CU Rewards to bring you savings on TurboTax services! File through TurboTax using your member-exclusive discount, and know that your taxes are getting done the right way. Tax season doesn’t have to be scary - we are here to help make it easy! Save money and conquer tax season here.

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