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A few simple tax tips (and April 15 is only four weeks away)

Post by C.R. Roberts / The News Tribune on March 15, 2013 at 2:43 pm with No Comments »
March 15, 2013 2:43 pm

This being tax season (you’ve got four weeks left, by the way), several agencies and commercial enterprises are sending out press releases listing tax tips. Such was the case Friday when a car-donation charity sent its list.

Among the most salient and useful snippets of advice:

• If you donated a car to a charity, don’t forget to take the deduction.
• If you’re mailing your tax return to the Internal Revenue System, don’t forget the stamp. (And if you’re doing it online, don’t forget to ht the “send” button.)
• Sign your return. (Some people don’t.)
• New windows, doors, roofs and other home improvements may be eligible for tax credits. Check with a professional or the IRS at irs.gov.
• Tax breaks may be available if you purchased an electric vehicle or plug-in hybrid. Check first.
• Payments made on federal student loans may be eligible for a tax deduction using Form 1098E. More information is available at ed.gov.
• If your adjusted gross income is less than $109,000 and you purchased private mortgage insurance along with buying a house, you may qualify for a deduction.

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