Re: Just finished up my taxes
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Remember to take those deductions for other things. Many times, you will have deductions that are not worth itemizing because the standard dedution is larger. Now that you are "forced" to itemize, look for those deductions. If you have 1k in tax liability, it may be worth it to have a CPA look at it. Look for a referral with a "free" consultation. If he/she can get you less than the 1k tax liability after his/her fees, you're probably better off. The CPA(a good one) will know where the red flags are and deductions you may have forgotten about.
This advice brought to you by someone who used tax software for the last 4 years and this year spoke to a CPA who found 18k in "extra taxes" I've paid unnecessarily over the last two years. To fix the 9k problem each year, it cost me $70 plus the cost of his services.
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Wow! Curious....what caused you to pay 18k extra in tax? Was it gambling related or something else?
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