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Pronto Tax Class Blog

7 Things You Didn't Know You Could Write Off on Your Taxes (Until Pronto Taught You)

By: Jamie Waggoner 

 

At first when we started out with our online tax course, it was created for professionals. 

 

We ended up finding out, however, that many people want to take an online tax course just for their own knowledge.

So many times, we hear from our students that they're able to help THEMSELVES on their own taxes as a benefit of completing our course.

 

Hidden Tax Benefits

Here are some things you might not know you could claim on your taxes, these are examples of some of the tips and tricks that are contained in our online tax course:

  1. Student loan interest.

    This should perk up any student’s ears who have loans up to their neck. Think about how amazing that would be to get to write off your student loans instead of having to be completely overwhelmed by them.
  2. Home office.

    If your work at home and have a dedicated work area in your home, you may have write offs related to your rent, utilities, even your cable bill.  Of course you have to follow the rules—and once you take our course, you will know the rules to obtain this valuable tax benefit, if it's applicable to your situation.
  3. Education Expenses.

    You may be able to write off your expenses for continuing education, trade school, night classes.  Consider if you needed to work to stay in school, but also needed the classes to obviously be in school. Again knowing certain things you can write off especially school makes a huge difference in the long run! If you are already hooked by write off three then click here!
  4. Moving Expenses. 

    Another cool write off that not many people know about is moving expenses. Rules apply but we all know that moving can be expensive so this is a nice benefit to keep in mind. Again, wow that is something to remember next time you are trying to move and have to deal with the expenses of a moving truck etc.
  5. Child care

    is probably one of the most appealing write offs. This is great for working moms that need to work, but can't take her children in and have to hire child care or drop them off somewhere. This is something to strongly look into if you are a single parent.
  6. Contributing to a retirement account

    is number six. This is great to know when you are thinking about what you are going to do when you retire. This can also be when you are setting everything in order during that age when retirement is around the corner. Being able to write it off maximizes the money you end up with at retirement.
  7. Claim your aging parent as a dependent

    This is very beneficial when your parents are too old to take care of themselves and they may have to move in with you. It is nice to know that, as long as you follow the rules, you may be able to write that expense off because that is a stressful time when dealing with that type of situation and beyond the stress it also can become very expensive.

These are seven write offs, but these write offs all come with the word maybe.

They come with the word maybe because it all depends if you qualify for these write offs.

 

Just remember, with taxes:

 

"Always, in general, at least 90% of the time, it depends."

 

If you want to learn what it depends on, and other cool stuff that helps you save money on taxes throughout your entire life, find out about these (and other) "hidden" write offs by jumping into our online tax course which has a 14 day moneyback guarantee.

 

About the writer:

Jamie Waggoner is a Communication Major at University of North Carolina-Wilmington (UNCW). Jamie's favorite course at the moment is Integrated Marketing, which shows how smart companies use storytelling and word-of-mouth to develop authentic and compelling relationships with their customers and the general public. Jamie did not realize when she accepted an internship at Pronto Tax School that she would become a tax expert, but hey, life is full of surprises and that's a good thing.