Law Enforcement Most Overlooked Job Related Deductions

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Law Enforcement Tax Return Experts Presents Most Overlooked Job Related Deductions

Transcript of Law Enforcement Most Overlooked Job Related Deductions

Page 1: Law Enforcement Most Overlooked Job Related Deductions

Law Enforcement

Tax Return ExpertsPresents

Most Overlooked Job Related Deductions

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First Year in Law Enforcement Professional’s Career

Most Academy Students Do Not Know

➢ What can be Deducted on Tax Returns

➢ Totals commonly exceeds the Standard

Deduction

➢ Total of Itemized Deduction

can change the Tax by

Hundreds of $$$’s

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What is Standard DeductionFor 2015?

Filing Status

Amount

Single $6,300 Married

$12,600

Head of Household $9,250

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What are Itemized Deductions ?

➢ State Taxes Paid Income Tax, Property Taxes

➢ Car/Truck DMV License

➢ Mortgage Interest Home Loan

➢ Donations Cash or Non-Cash

➢ Job Expenses See our Worksheets

**Advantage to Exceed Standard Deduction

Lowers Tax Due

Itemizing is recording allowed “Deductions on Schedule A”

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Commonly Missed Deductions

○ Communications

○ Uniform, Gear & Equipment Purchases

○ Temporary Job Site Travel

○ Cleaning of Uniforms

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Communications○ Personal Cell Phone Use for Job

○ Private Communication Device○ For Job only or Family Plan

○ When communications usually happen○ Emergency Call-in – Need more workers○ Other workers not able to cover shift○ Special Event Coverage – Staff Shortage

○ Types of communications on Private Device○ Text Messages○ Voice Recordings○ Emails○ Direct Communications

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Our Office Knows

○ Federal Law that allows Deductions

○ When the deduction is Qualified

○ What is allowed to be deducted

○ How to record the expense on Tax Return

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Law Enforcement Discounts

○ We give rewarding discounts

○ Student Discounts (Posted on Website)

○ Discounts to Firefighters $ 50

○ Discounts for Referrals $ 50 Each

Our Tax Office wants to be your Tax Service

Professional

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Hire Tax Professional or Use Online Tax Software?

What Turbo Tax & H & R Block will not do:

○ Identify items Law Enforcement Professionals can deduct

○ Explain the deductions allowed○ Alert about special rules that apply to

your Job Related Deductions○ Ask detailed questions to ensure best

result○ Know how to record correctly