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January 23, 2017

Are you overlooking tax credits, deductions?

  • Tax experts say many people over-pay by not taking advantage of all the credits and deductions to which they are entitled.
  • By CAROLE FELDMAN
    Associated Press

    WASHINGTON — Donald Trump's acknowledgement last fall that he had not paid federal income tax in years left some questioning why they should have to pay taxes.

    “I think you pay taxes because it's the right thing to do,” National Taxpayer Advocate Nina Olson says. But that doesn't mean you don't take tax benefits to which you're entitled.


     
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