Tax season is here! 💸 Don’t miss out on these deductions that could save you money. Here’s what you might be able to write off! 👇
💲 HSA Contributions: If you have a high-deductible health plan (HDHP), HSA contributions are tax-deductible and grow tax-free.
Medical & Dental Expenses: Expenses exceeding 7.5% of your AGI (e.g., doctor visits, prescriptions, surgeries) are deductible—keep records.
💲 Mortgage Interest: Homeowners can deduct interest on mortgages up to $750K (if taken after Dec 15, 2017), especially beneficial in early repayment years.
Student-Loan Interest: Deduct up to $2,500 in interest on federal and private loans if your income qualifies.
💲 Student-Loan Interest: Deduct up to $2,500 in interest on federal and private loans if your income qualifies.
💲 Charitable Contributions: Donations to qualified 501(c)(3) organizations (cash, goods, or services) are deductible—just keep records.
💲 Medical & Dental Expenses: Expenses exceeding 7.5% of your AGI (e.g., docto...
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