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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.
Medical-related Overlooked Tax Deductions - Medical transportation expenses including tolls, parking, and mileage for trips to health facilities, doctor's offices, laboratories, etc.
- Nursing home expenses that are primarily for medical care
- Medical aids such as crutches, canes, and orthopedic shoes
- Hearing aids, eye glasses, and contact lenses
- Hospital fees for services such as nursing, physical therapy, lab tests, and x-rays
- Equipment for disabled or handicapped individuals
- Part of the life-care fee paid to a retirement home designated for medical care
- The cost of alcohol and drug abuse programs, and certain smoking-cessation treatments
- Wages for nursing services
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