10 Most-Overlooked Tax Deductions and Credits

Don’t miss these often overlooked tax deductions and credits when you file your tax return this year.

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The 2024 tax season is underway, and unless you are granted a tax extension by the IRS, 2023 federal income tax returns are due on April 15 this year. Don’t miss out on these most overlooked tax deductions and credits when you file. If you qualify, claiming the deductions and credits on this list could lower your tax bill or — in some cases — result in a tax refund.

List of overlooked tax deductions 

Some of the tax deductions below require you to itemize deductions. While most people take the standard deduction, itemizing can result in a higher deduction for some. To determine which option is best for you, calculate all your allowable itemized deductions. If the total is higher than the standard deduction for your filing status for the 2023 tax year, itemizing deductions might be a good option.

Related: A Bunch of IRS Tax Deductions and Credits You Need to Know

Katelyn Washington
Tax Writer

Katelyn has more than 6 years’ experience working in tax and finance. While she specializes in tax content, Katelyn has also written for digital publications on topics including insurance, retirement and financial planning and has had financial advice commissioned by national print publications. She believes that knowledge is the key to success and enjoys helping others reach their goals by providing content that educates and informs.