Don't Leave Money on the Table

We've all heard the phrase "don't leave money on the table" but what does it mean for you? It could be that extra $100 you put away from each paycheck into your 401k, but do you know how it benefits you for tax purposes? Maybe you're buying books for your kid's college classes and you never knew that it could be a deductible expense? There are so many ways to save money. Believe it or not, there are many deductions and credits that many taxpayers are entitled to and they don't even know it. Sure, they may be small things you miss here or there, but the small things add up to bigger things and before you know it - these items add up and over time you could use that extra money for a vacation or to put away for your youngest child's college fund. It's your money so make sure you know what's happening - especially on your tax return.

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