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January 24, 2014 04:08 pm GMT

10 Tax Write-Offs You Aren't Using to Your Advantage

Tax-forms-write-offs

You already know that you’re legally obligated to pay your taxes, but that doesn’t mean you should pay more than you owe.

Each year, American taxpayers leave money on the table by missing some key deductions. Run through these commonly overlooked write-offs to see if there are any you should be taking. It might just mean more money in your pocket this year

See also: The Millennial's Guide to Personal Finance

1. Education

When it comes to education, you may be able to deduct up to $4,000 for tuition-related expenses for you, your spouse or a dependent. You also may be able to deduct up to $2,500 in interest paid on a student loan in 2013. Read more...

More about Taxes, Finance, Features, Money, and Business

Original Link: http://feeds.mashable.com/~r/Mashable/~3/hKX5thbua6I/

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