Tax tip: Do you know which exemptions you qualify for? - KOTA Territory News

Tax tip: Do you know which exemptions you qualify for?

Posted:

By Barrett Phillips

About to file your tax return?

Before you do you may want to take a look at which exemptions you may qualify for.
 
Terry Mills, Education and Community Outreach Manager of Consumer Credit Counseling Services of the Black Hills says most people do not know.
 
For example, interest on your home, looking for a job, moving expenses, and charitable contributions.

Just knowing your exemptions is not enough; Mills says you also keep track of your spending.
 
"Be organized all year. Set up a file to keep your receipts and records in; monitor those things," said Mills.

Need help?  The IRS has a multitude of resources on-line.

 

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