Update: I finally looked at my quarterly tax payment and saw the problem

For two years, I was just putting 25% of each check into a savings account for taxes, thinking it was enough. Last week, I sat down with my actual profit and loss statement from the last quarter and realized I'd been forgetting to account for my home office deduction and business mileage, which meant I was overpaying by almost $800. What's one small deduction or expense you almost missed that made a real difference?

3 comments

3 Comments

susan_allen7d agoTop Commenter

My CPA caught a $500 difference last year from my internet bill split for work. Honestly, tracking that monthly 20% use for client calls adds up way more than you'd guess over a full year. It's worth going line by line on your regular bills.

thomas.eva7d ago

@susan_allen's line by line check saved me on my phone bill too.

skyler2176d ago

My buddy got a huge refund after checking his cable bill. He found a "sports package" charge he never asked for, going back like eight months. It's crazy how these little fees slip through. Good on you for catching that, @thomas.eva, makes you wonder what else we're all missing.