---

Top Overlooked Home Business Tax Deductions

Visit Our Work at Home Tax Resource

---

There are many tax deductions that are overlooked each year by home based business owners. Don't miss out on these huge savings. Read on to take full advantage of these deductions so get what you deserve:

1. Self-employment tax paid (50 percent is deductible)



2. Health insurance premiums for some self employed people



3. Penalty on early withdrawal of savings



4. Student loan interest



5. Alimony paid (not including child support)



6. Medical transportation costs



7. Nursing home medical care expenses



8. Special school costs for mentally or physically handicapped individuals



9. Prior year state income taxes



10. Estimates state taxes for the last quarter of the year



11. Personal property taxes on cars, boats, etc.



12. Certain medical aids



13. Hearing aids, eye glasses, and contact lenses



14. Some hospital fees



15. Medical equipment for disabled or handicapped individuals



16. Certain life-care fees paid to retirement home



17. Alcohol, drug abuse treatment, and certain stop-smoking treatment costs



18. Nursing service costs



19. Taxes paid to foreign government



20. Mandatory contributions to state disability funds



21. Points paid on mortgage or refinancing



22. Property donated to a recognized charity



23. Cash contributions to a recognized charity



24. Mileage costs for charitable activities



25. Qualified casualty and theft losses

Provided by Jackson Hewitt. For further tax preparation advice, visit www.JacksonHewitt.com