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Slide 1: ==== ==== Pay Zero Taxes Like The Wealthy Do http://tinyurl.com/beat-irs ==== ==== 2010 IRS tax deductions are a great way to help you in reducing your tax liabilities and also help you in claim more refund from IRS. There are hundreds of deductions that people can claim, but most people don't know about these at all and so end up paying more to IRS. Here are 3 important 2010 tax deductions for IRS that you should definitely take advantage of 1. 2010 IRS Standard Deductions - This deduction is the basic of all deductions and everyone is entitled. It can help an individual or family to lessen their tax each year. For those single or married who file their taxes separately they can claim $5,700, and for those who file their taxes jointly or married and a qualified widow(er) they can claim $11,400 as deductions in 2010 IRS taxes. For those who aged 65 and above they can add $1,100 to $1,400 to the standard amount of deductions 2. Expenses for Medical - If you're AGI exceeds 7.5 percent it will get allowed as deductible. If an individual's previous year salary is lower it might find more qualify expenses for this year. The included medical deductions are: Depending on your age the portions of your long term care premiums. If you are a self employed the 70% of your health insurance premiums. Small items like eye glasses and mileage. Changes in your home for medical purposes. 2010 Deductions for Medical Expenses of your parents that you paid. Educational Expenses - This is a big one that I feel about 50-60% people don't know about. In 2010 IRS Tax Deductions, for your children that are still in college, you can claim. Up to $3,000 for tuition, if your annual gross Income is less than $130,000 ($65,000 for single filers); up to $2,000 (increased from $500) on your contribution to your education savings accounts and the student loan interest. 2010 Tax Deductions Above mentioned were 3 of the most important IRS deductions for 2010 Taxes. If you want to know 3 more that most of your friends may not know about, then visit my link here -
Slide 2: 2010 IRS Deductions Article Source: http://EzineArticles.com/?expert=Rahul_G ==== ==== Pay Zero Taxes Like The Wealthy Do http://tinyurl.com/beat-irs ==== ====