Winter Tax Newsletter

Lisa M. Stiffler, Inc. reminds taxpayers about the most over looked itemized deductions. Miscellaneous itemized deductions are ofter the most difficult to remember at tax time. Plus, in most cases, only your miscellaneous deductions that exceed two percent of your adjusted gross income are deductible. Did you incur any of the following expenses in 2008?

• Depreciation on a self-owned computer or cell phone required to do your job.
• Dues to chambers of commerce, professional societies, and unions.
• Education that is employment-related.
• Home office or part of your home used regularly and exclusively in your work.
• Job-search expenses in your present occupations.
• Legal fees related to doing or keeping you job, and protecting or collecting taxable income.
• Licenses and regulatory fees, as well as occupational taxes.
• Malpractice insurance premiums.
• Medical examinations required by an employer.
• Passport for a business trip.
• Subscriptions to professional journals and trade magazines related to your work.
• Tools and supplies used in your work.
• Travel, transportation, entertainment, and gift expenses related to your work.
• Work clothes and uniforms and their upkeep costs.
• Tax preparation fees.
• Union dues.
• Safety equipment used for your work.
• Safe deposit box.

If you incurred any of these expenses, be sure to notify Lisa M. Stiffler, EA so she can determine if they are deductible. Once you get past the two-percent limit, these deductions can really add up! For more information or any other tax-related topic, contact Lisa M. Stiffler, Inc. You can learn more about my firm at http://www.lisastiffler.com/. We would be happy to assist you in saving valuable tax dollars. I am a member of the National Association of Tax Professionals (NATP). Learn more at http://www.natptax.com/.

Lisa M. Stiffler, Inc.
P.O. Box 121770
West Melbourne, FL 32912
lisa@lisastiffler.com