Transcript for Money-Saving Tips for Filing Taxes Yourself
Next tonight here, millions of Americans preparing their taxes. Tonight, the real money team is back, with three more deductions many forget. ABC's chief business correspondent Rebecca Jarvis. Reporter: There are $1.3 trillion in tax breaks up for grabs. But finding which ones you're eligible for can be a daunting task. Especially if you're doing your taxes yourself. Americans are missing out on lots of deductions and credits. Reporter: We poured over the tax code, all 6,544 pages of it, and hit the street to flag some of the most overlooked areas. First up, child care. Working parents may qualify for a day care or babysitting credit for kids under 13. Up to $6,000 for child care. That's money that I'm missing out on. Reporter: Medical bills. Remember, you may be able to deduct what you spend on dependent's health care cost, even mileage from taking a loved one, including your parents, to and from the doctor can count. That's good news to know. Reporter: And if you are relocating for a job more than 50 miles away. You could deduct the cost of your pelt. Moving your pelt for a job. Holy cow. I had no idea. Reporter: David, anyone making less than $62,000 a year is also eligible for free file software. That's free tax preparation help through the irs. David?
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