Here’s a useful article from Yahoo Finance concerning the 13 Most Overlooked Tax Deductions stemming from an interview with the head of IRS. Did you relocate to start a new job recently? This one’s for you then:

Moving expense to take first job. Here’s an interesting dichotomy: Job-hunting expenses incurred while looking for your first job are not deductible; but moving expenses to get to that first job are. And you get this write-off even if you don’t itemize. If you moved more than 50 miles, you can deduct the cost of getting yourself and your household goods to the new area, including 20 cents a mile (and parking fees and tolls) for driving your own car.

So what are you going to do with the extra money you saved by reading this? The holidays are over so you can go ahead and splurge on yourself, guilt-free. This Rotating Stand for iPhone and iPod Touch may be the most elegant way to show off your iPhone at your desk. Or for the shutterbugs like me who spend way too much time retouching the dust out in all your photos, how about a Digital Sensor Cleaner? The makers of this gadget are pros in creating static control equipment so one shot of that anti-static air onto the camera’s sensor should get rid of those annoying, tiny spots that come out in your photos. Hm, I wonder if it could help me from being electrocuted by my light switch every morning…

Submitted by: RayAna Park, Former Web Developer
on January 31, 2008 - 4:16 pm

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