12 Crazy, Wacky & Most Overlooked Tax Deductions!

12 Crazy, Wacky & Most Overlooked Tax Deductions!
Ever wonder what Tax Deductions you’ve missed? With these 12 Crazy, Wacky & Most Overlooked Tax Deductions, I’m pretty sure there’s at least one tax write off you didn’t know about or totally forgot about! These should help you get a HUGE Tax Refund back this year ↓↓↓↓ CLICK SHOW MORE ↓↓↓↓ or help you owe less money on your taxes to the government! Now all you need to do is think about what you are going to buy with your tax refund. 😉

If you are filing simple taxes, like a 1040EZ or 1040A, you can file your State and Federal taxes for FREE! TurboTax offers that for free over here: http://freebies2deals.com/TurboTax Or head over here to TaxAct, they do it too: http://freebies2deals.com/TaxAct

If you have anything more complicated than that, you might want to work with a professional. Here’s the Elevation Tax Info I promised you! You can head here: http://freebies2deals.com/ElevationTax Or, if you want a Consultation and to talk with them, just fill out this form here and they will call and chat with you about your tax needs: http://freebies2deals.com/TaxConsult

I’ve been a big fan of them for awhile. And after having a tax guy who royally screwed up our taxes, these guys have been a huge blessing for our family! A few of the tips I shared today were their ideas too! So you know that they will always find ALL of the deductions they possibly can for you.

💰Want to “Live the Ultimate Life for Less”?? Don’t forget to SUBSCRIBE to my channel by clicking here ➞ ➞ http://www.Freebies2Deals.com/YouTubeSubscribe That way, YouTube will let you know when my next video goes up live! (Don’t worry, it’s free!)

For more deals & money-saving tips and tricks, visit my full site at http://www.Freebies2Deals.com. No matter WHEN you visit, you will find crazy deals and freebies available for THAT day. It’s the easiest way to always save money.

FOLLOW ME:
💙Instagram ➜ http://www.Instagram.com/Melea_Johnson
💙Periscope ➜ for LIVE Videos: @Freebies2Deals
💙Facebook ➜ http://www.Facebook.com/Freebies2Deals
💙Pinterest ➜ http://www.Pinterest.com/Freebies2Deals
💙Twitter ➜ http://www.Twitter.com/Freebies2Deals

🌟Tune-In Every Tuesday and Friday at 10am MST (9am PST, 11am CST, 12pm EST) to watch a new video!

📢MOST of the Furniture & Decor from this video is actually from IKEA! No joke! http://freebies2deals.com/IKEADecor They have lots of sales going on right now. Plus, sign up for IKEA Family and get exclusive offers sent to your email: http://freebies2deals.com/IKEAFamily

XO, 💕Melea

50 Comments

  • The Melea Show
    Reply

    QUICK UPDATE EVERYONE: I realized I said monthly in this video and meant to say yearly! So for renting out your home tax free, you can do that up to 14 times each YEAR. :)

  • Beverly Huneycutt
    Reply

    Thanks so much; IRA info I didn't know. is Mortgage insurance the same as home owners insurance?

  • Debbie Cranberryfries
    Reply

    Great video. Good tips. Invest in a microphone, it was difficult to listen to that echo-y room. :)

  • Kim Anderson
    Reply

    I agree other comments made the echo is terribly distracting but other then that thanks for the tips

    • The Melea Show
      Reply

      +Kim Anderson Yeah, I am definitely working on that. I've had a few mic issues! Hopefully within the next few videos it will be fixed. Thanks for hanging in there!

  • 啓蒙された
    Reply

    Hi The Melea Show!! Do you know if i can write off my daughter's braces??? as you know they are super expensive!!!

    • The Melea Show
      Reply

      +mistlitletl I know that Dental falls under Medical Expenses… but you have to have a certain amount of Medical Expenses to even write it off. So I would talk with a tax professional to see if you have enough Medical Expenses for the year to write it off!

  • Larry Villano
    Reply

    Please explain the difference between mortgage insurance and "the mortgage premium". You said both are deductible.

  • nancy davis
    Reply

    Can you tell me if paying rent for an apartment can be credited on my Michigan State return. I am a single woman with income under 50,000 for 2016.

  • DMaster81
    Reply

    note on the last point, if you refinance and prepay points you dont get to write off the whole amount you pay, but you get the deduction for the life of the loan. I just did a return where a lady refinanced for 30 yrs, so her deduction for that each year will only be $2

  • Noah Morgan
    Reply

    You can only deduct 14 days of rent per year. Not per month it's also called the Augusta Rule as named for the Golf tournament when individuals would rent their house.

  • Joseph Jernigan
    Reply

    Good tips, but the one thing you failed to mention is that you cannot do a standard deduction and itemization. Your itemization would need to amount to more than the standard deduction.

  • Turbotomass
    Reply

    Am I retarded or does it seem as if your out of pocket expenses have to increase to have a larger tax refund. For example a child net cost annually significantly more than any tax refund.

  • Krystal Kemp
    Reply

    The money you pay your kids and spouse is a business write off yes, however, it is liable for payroll taxes. You are required by law to pay payroll taxes on those wages. If you are filing a schedule C, your income is hit with "self employment tax" which is the same as payroll taxes, but that doesn't include the money you paid someone else in your family.

  • Yakupjan Nur
    Reply

    14 days ?????Non-Taxable Rentals – A rental may not be taxable (no matter how substantial the amount) if the (1) property was used by a host personally as a residence during the year, AND (2) it was not rented at a fair rental price for more than 14 combined days during the year. The only deductions allowed related to the rental will be otherwise deductible property taxes and mortgage interest (Sch. A). When this is the case special reporting procedures must be taken on your tax return to avoid IRS Form 1099 matching errors.

  • Katie Cottingham
    Reply

    I'm fairly certain the home energy savings tax credit expired a few years ago, which is part of why so many manufacturers are not continuing to expand the previous EnergyStar lines of appliances. May be wrong on the expiration, but I do know from people who did it a decade ago that you need to have paperwork that proves the work was done properly or you could end up having to pay back whatever you get and more if you get audited. Others have mentioned the error on the rental tax, plus you also have to be aware of what your individual state has for taxes on rental properties.

  • Jjeannette Byrne
    Reply

    Hi…..I wish I could make out what you are saying. You must be in a metallic surrounding because you talk fast and the metallic echo clouds your words. I am super interesting in what you are saying. Just wish I could make it out.

  • Melissa H.
    Reply

    Wow, you can put last year's payment to state tax on this year's taxes? You can put money you owe the government in a HSA instead? I'm blown away. 🙂 $

  • Tyisse Boykins
    Reply

    Hello Melea,The information you have on this site is right on. I didn't know all the tax breaks I can add on to my taxes. next year should be an awesome year for me ,lol. $

  • Thought Deeds
    Reply

    With my years of experience, I have learned that those who may speak well, does not necessarily means are smart people. Infect statistics states that 9 out of 10 times good speakers are found to be having very little IQ level. In other words they Do Not posses True Wisdom (Knowledge).Wisdom = Silence.Many a times 1 word = 1 Million words and that comes with Wisdom.I would still prefer giving a Thumbs up due to the nature of the video and the speaker.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>