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What is the one deduction most clients overlook?

April 26, 2017clients deduction overlook

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What is the one deduction most clients overlook?

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A. If you itemize your deductions, you can deduct the fair market value of household goods donated to agencies such as Viet Nam Vets, Salvation Army and Goodwill. Most people don’t realize the value of this deduction. For a good rule of thumb on the value of your deduction, make a list of each item and how much it cost you and take 15% of the total.