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Top 50 Overlooked Tax Deductions The Executive Financial Group can help you find all of the credits and deductions you deserve, including those hard-to-find and commonly overlooked tax deductions. This is a list of the top 50 most easily overlooked tax deductions. Not every item will be applicable to your situation. Job-related Overlooked Tax Deductions - Education expenses you paid to maintain or improve job skills
- A handicapped individual's work-related expenses
- Professional journals, magazines, and newspapers that are job-related
- Cost of safe deposit box used for investments or business
- Seeing-eye dogs for the handicapped or guard dogs for a business
- Required uniforms and work clothes not suitable for street wear
- Union dues
- Employment agency fees or commissions in certain cases
- Home office expenses, if for your primary place of business
- Job-seeking expenses within your present field of employment
- Reservist and National Guard overnight travel expenses
- Dues to professional organizations
- Business gifts up to $25 per customer or client
- Business expenses including travel, meals, lodging, and entertainment not reimbursed by your employer
- Cleaning and laundering services while traveling for business
- Tools for use at your job
- Cellular phones required for business
- Half of the self-employment tax paid
- Self-employed health insurance premiums
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