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Filing Your Taxes
The IRS commissioner doesn't even do his own taxes. Should you? Financial expert David Bach explains the pros and cons.
By David Bach
Original Content  |  March 15, 2010
Itemized deductions to keep track of. Photo: Polka Dot/Thinkstock


The single biggest mistake people make is not itemizing their deductions. The government estimates that the average American leaves $400 to 500 on the table by not itemizing.

Records to keep all year:
  • Healthcare expenses
  • Interest on mortgage payments
  • Business expenses
  • Home improvements
  • Record of all investment trades
  • Charitable donations
Download Chapter 1 of Bach's book Start Over, Finish Rich  
Printed from Oprah.com on Thursday, May 23, 2013
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