Tag Archives: taxable income

Tax Deductions People Tend To Overlook

Tax Deductions

A lot of people overlook deductions at tax time. Deductions can come in handy, so you shouldn’t overlook them. With that said, here are a few deductions many people overlook.

1. State Income Tax Or Sales Tax- You can deduct your state’s sales tax or state income tax, but there are some states that don’t even have income tax. However, many people in states that don’t have state income taxes don’t do a good job at keeping records of purchases they made. Also, many people don’t even know they have options like these.