5 tax deductions you could be missing  Published On: Apr 05 2012
09:35:27 PM EDT IRS 1040 tax form  One-trillion dollars: that's
how much in deductions 45 million Americans who itemize their
taxes are claiming.  Meanwhile, the 92-million people who are
using the standard deduction are claiming $300 billion less.
With the April 17 deadline approaching, here are some deductions
you might be overlooking.    1. If you're a job hunter, you
might be able to deduct everything from the cost of printing
resumes to employment agency fees.   2. If your parents are
paying off your student loan, you can still get up to a $2,500
deduction on the interest, if you're not claimed as a dependent.
3. If you're self-employed and travel a lot, write off all those
baggage fees! they can add up to a big deduction!   4. If you
buy anything for a charity event and the total is over $250, you
can deduct that amount.   5. If you use your car for a non-
profit, you can write-off 14-cents per mile as well as tolls and
parking.