(RNN) – Taxes are complicated enough for most people – especially those who prepare their own returns – but they have become that much trickier with the passing of the American Taxpayer Relief Act of 2012.
In order to maximize the amount of money on a return, it is important for filers to remember common deductions they may qualify for.
According Mark Steber, chief tax officer at Jackson Hewitt Tax Service, there are thousands of tax deductions and tax credits available to taxpayers each year if they know where to look.
Some of the most commonly overlooked include:
Life changes like getting married or divorced, having a baby, buying a home or caring for an aging parent also affect the amount of returns. It also important to know if employers deduct for expenses like training or other materials and services, and keep all receipts related to work.
Steber also recommended e-filing, which will speed up processing time and help confirm the IRA has received tax forms.
Copyright 2013 Raycom News Network. All rights reserved.
As cold air settles across the region tonight, conditions will allow for some areas to see temperatures briefly drop at or below freezing just before sunrise Monday morning.More >>
Crowds, waiting until the last weekend before Thanksgiving, slammed the grocery stores to load up on traditional entrees and sides.More >>
A car accident in Gulfport temporarily shut down parts of Cowan Lorraine Road near Carl Leggett Road Saturday evening.More >>
Southern District Public Service Commissioner Sam Britton is reacting to Mississippi Power's request for an 8.5 percent rate increase for 2018.More >>