Tax Deductions You’ll Miss in 2014

davidboeke, CC BY-SA 2.0

Tax Deductions You’ll Miss in 2014 (CNBC)

At the end of the year, careful taxpayers double-check that they have all of the proper documentation for the tax deductions they plan to claim in January. A number of deductions are expiring in 2013 and will not be available to lower your 2014 tax bill.

Higher education expenses for a dependent
Home loan modifications will be counted as income starting in 2014
Qualified charitable distributions from an IRA

Consult your tax professional about what deductions you can take with you into the new year.

Adrienne Minor

Adrienne Minor is an editorial assistant for Eagle Financial Publications. She writes, edits and posts articles for the website, as well as edits and assists in the online distribution of Eagle’s investment newsletters, trading alerts, e-letters and other reports. Adrienne's special investing interests are in mobile technology and consumer spending.