The Wheaton Blog

Save on taxes

March 10, 2010 | Household Moves

Yes, folks, the dreaded day is only a month away. April 15 is the deadline for filing federal income tax. The good news is that for all of your procrastinators — I know I’m not the only one — there’s still plenty of time to save. Many small things can save you big money on your taxes. Be sure to keep track of these items.

  • When you donate items to charity, request an keep an itemized receipt. It might help qualify for a tax deduction.
  • Keep a detailed record and receipts of your moving expenses. Include transportation, lodging, meals, etc. If you are moving because of a change in your principal place of employment, such reasonable expenses are deductible. Check with your accountant or the Internal Revenue Service for specifics.
  • Keep a record of home improvement costs. That includes improvements made to your home through the years and any expenses associated with the sale of your home, including realtor fees or classified costs.

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