How to Find Tax Deduction Checklists

Tax time rolls around each year. Unless you want more of your income to go to taxes, make certain you use all the tax deductions for which you're qualified. Use a tax deduction checklist when it comes time to file.

Difficulty: Moderately Easy

Instructions

1. Review IRS guidelines for qualifying deductions. The IRS website provides many good resources, particularly in the FAQ area.

2. Look at financial software like Quicken that can provide you with a checklist of miscellaneous deductions. This software also indicates which deductions are limited to 2 percent of your adjusted gross income and which aren't.

3. Use tax software like TaxCut or TurboTax to look for additional deduction checklists for investors, families or home businesses. Tax software includes many benefits. For example, you can check for tax changes at any time by downloading the most current information. The software also asks you questions and points out often overlooked deductions.

4. Ask a tax preparation specialist for a tax deduction checklist. Check the CPA Services website for deduction checklists formulated according to your profession. Download pdf or Excel checklists tailored to your job, whether you're an artist, day care provider, firefighter or carpenter.

5. Consult with a tax attorney about the latest tax deductions based on the most recent tax laws. This is particularly helpful if you have complicated tax deductions.

Resources

• Check the IRS website for the latest in tax deductions.
• Download tax deduction checklists according to your profession.