Start a Record Book

Review your last year’s tax return. Take note of any categories that are tax deductible. Now on your computer or notebook write that category – for example, medical expenses. If you’re not a pen and paper person, just visit www.irs.gov and search for eligible deductions.

Here’s a quick list of deductions to get you started – medical and dental expenses, taxes, interest expenses, charitable contributions, theft and loss, car expenses and other employee business expenses, tax benefits for work related education. You will also want to familiarize yourself with other miscellaneous deductions.

Through the remainder of 2011, anytime you have a qualified medical expense, write it in the book or record it. Your 2012 self will thank you when it comes to tax season.

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