Above-the-Line Tax Deductions
Many people across all tax brackets find it both stressful and difficult to pay their income taxes in full. In fact, countless people each year worry that they will be unable to do so when tax season comes. Fortunately, there are a variety of options available to anyone looking for tax relief, including employing the services of a qualified tax relief specialist or utilizing each and every above-the-line tax deduction available to you in order to reduce your adjusted gross income and, therefore, the amount you owe in taxes.
Don’t suffer the burden of unpaid taxes and debts alone any longer. Our tax relief specialists at the Tax Relief Law Center will work with you to figure out what options you have and how to possibly get the tax relief you are seeking. Fill out the form at the top of this page and a knowledgeable representative will be in touch shortly.
Common Above-the-Line Deductions
There are a variety of above-the-line deductions that people can use to decrease their taxable income. Some of the most common of these include:
- Up to $250 of teacher’s expenses
- Health savings account
- Moving expenses when moving for a job
- Taxes incurred from self-employment
- Student loan interest payments up to $2,500
- Up to $4,000 in higher education tuition bills
By claiming these deductions on your taxes, you can substantially reduce the amount of taxes that you owe to the government and alleviate some of your tax burden.
At the Tax Relief Law Center, our tax attorneys are here to help you pursue the tax relief you need. To learn more, fill out the form at the top of this page and we will get back to you shortly.