Tax hacks 2017: Don't miss these 16 often-overlooked tax breaks

Jim Gold
Updated

Don't pay more taxes than you have to.

Sound advice, but it can be tough to take out every deduction, credit and income adjustment you deserve.

It's not the usual blah, blah, blah. Click here.

You may know, generally, the five most popular deductions, according to the IRS:

  • State and local taxes

  • Gifts to charity

  • Home-mortgage interest

  • Tax-preparation fees

  • Medical and dental expenses

But are you getting the most you can out them? Here are 16 ways to make the most of most-often overlooked, forgotten and ignored tax breaks. Many are for itemizers (Schedule A) but others allow you to adjust your income or change your treatment of capital gains, for example:

Did you ever forget to take advantage of a tax break you were due? Share your experiences and tax strategies in comments below or on our Facebook page.

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