As tax time nears, here are tips about overlooked deductions

ByABC7.com staff KABC logo
Wednesday, April 12, 2017
As tax time nears, here are tips about overlooked deductions
As tax time nears, here are tips about overlooked deductionsWith the April 18 tax deadline nearing, a Los Angeles-based financial planner is offering some tips about deductions people tend to overlook.

LOS ANGELES (KABC) -- It's tax time again.

This year, the deadline to file your taxes is Tuesday, April 18 - later than usual because of a federal holiday.

Los Angeles-based certified financial planner David Rae has some advice for those still working on their taxes.

Lesser-known and overlooked deductions can include expenses of fostering a pet, mortgage insurance, medical expenses like acupuncture, vitamins and even the cost of installing a pool, if recommended for medical reasons by your doctor.

For more of Rae's tax-time advice, watch the video above.

Copyright © 2024 KABC Television, LLC. All rights reserved.