25 Most Overlooked Tax Deductions

• Accounting fees for tax preparation services and IRS audits

• Amortization of premium on taxable bonds

• Appraisal fees for charitable donations or casualty losses

• Appreciation on property donated to a charity

• Cellular telephones

• Cleaning and laundry services when traveling

• Commissions and closing costs on sale of property

• Contact lenses, eyeglasses and hearing devices

• Depreciation of home computers

• Federal estate tax on income with respect to a descendent

• Fees for a safe-deposit box to hold investments

• Improvements to your home

• Investment advisory fees

• Lead paint removal

• Legal fees incurred in connection with obtaining or collecting alimony

• Margin account interest expense

• Mortgage prepayment penalties and late fees

• Points on a home mortgage and certain refinancing

• Real Estate taxes associated with the purchase or sale of property

• 50% of self employment taxes on cars and boats

• Seller paid points on the purchase of a home

• State personal property taxes on cars and boats

• Subscriptions to professional journals

• Worthless stock or securities

• Employee's moving expenses