The Top 10 Most Overlooked Tax Deductions

Top 10 Most Overlooked Tax Deductions

Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
Request a FREE consultation: www.oxygenfinancial.net

Get the most out of your Tax Return for 2010 – Here is the list of the MOST Commonly Overlooked Tax Deductions:

  1. Miscellaneous Deductions On Your Itemized Deduction Form
    (investment and tax expenses, unreimbursed employee expenses, etc.)
  2. Business Owner Deductions
    (especially if you file a schedule C or have a single member LLC)
  3. State Sales Taxes
    (especially for individuals that live in states with no income tax)
  4. Non-Cash Charitable Contributions
    (do you really know what that bag of stuff is worth?)
  5. Teacher Expenses
    (I’ve hardly ever met a teacher who didn’t buy some supplies out of pocket)
  6. Points
    (on new mortgages and on refinancing)
  7. Mileage
    (charitable, medical, business, and moving)
  8. Private Loans
    (if you have documented and if they haven’t paid back)
  9. Student Loan Interest
    (often missed after someone graduates college)
  10. Including Reinvested Dividends To Your Cost Basis On The Sale Of A Mutual Fund
    (people often don’t include because they don’t understand)

You can also check out these articles – Tax Changes For 2010

Go to www.oxygenfinancial.net to request a consultation to figure out how build a tax management strategy that is right for you in 2010.

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oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.

Securities and Investment Advisory Services offered through NFP Advisor Services, LLC (NFPAS), Member FINRA/SIPC. Oxygen Financial is not affiliated with NFPAS.

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves


My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Read More About Ted Here

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA's BrokerCheck website.


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