Expert Advice Tuesday, March 2nd, 2010 at 8:00 am

Tax Tips From Tony Navarro

Tony has given us 7 tax preparation tips to share with you. Check back each Tuesday to read them all.

Tip Number One: Most-Overlooked Tax Deductions 1. State sales taxes. 2. Reinvested dividends. 3. Out-of-pocket charitable contributions. 4. Student-loan interest paid by Mom and Dad. 5. Moving expenses to take your first job. 6. Military reservists’ travel expenses. 7. Child-care credit. 8. Estate tax on income in respect of a decedent. 9. State tax paid last spring. 10. Refinancing points. 11. Jury pay turned over to your employer. 12. Property-tax deduction for nonitemizers. 13. Casualty-loss deduction for nonitemizers. 14. Hope credit for college juniors and seniors. 15. Making Work Pay credit. 17. Credit for energy-saving home improvements. 18. Break on the sale of demutualized stock. 19. Home-buyer credit.

Tony Navarro, UCLA, B.A, Economics, 1990: Investment Consultant since 1992; Tax Preparation since 1996 tax year; IRS Audit Representation; IRS-designated Enrolled Agent; Investment Advisor LPL; Notary Public; Bookkeeping Services. 12803 Venice Boulevard • Mar Vista, CA 90066 (310) 398-3231 • tony@taxplusla.co http://www.taxplusla.com