It is every citizen’s civic duty to pay taxes. The government uses this money to maintain the country and help it grow. However, many people do not know that there are rebates where they can pay less taxes. The IRS does have programs for different people.
If you are looking for ways to pay lesser tax and end with a little more cash in your wallet, keep on reading. Here are 6 little known tax rebates that can save you some money.
Did you know you can get a tax rebate for loving animals? This is a privilege for people working in certified charities that find homes for pets. Taking care and handling these animals are not cheap and the IRS knows that.
Expenses incurred during handling the animals can be up for rebate. These expenses can include transport, food, cages, toys, and cleaning supplies. Take note that this only applies to people in certified animal charities.
While it is more commonly known that you can get your tax rebate from writing off prescription drugs and hospital bills, did you know you can also write off alternative medicine? Remember that the next time you get an acupuncture for your aching body.
Foreign Exchange Student Hosts
Many people from around the world come to the US for better education. Unfortunately, not all these people can find accommodations in their institute’s dormitories.
One popular housing option for these students is to find families willing to host them. The foreign student gets to live with a foster family throughout the duration of their study. This housing agreement is beneficial to the foreign student for several reasons. This housing option offers a more immersive experience and the parents of the foreign student are usually more comfortable when their children are staying with a family.
As a fair compensation for the efforts of these families, they are eligible for a monthly tax credit. However, not all family hosts can take up this offer.
The monthly tax credit only applies when several conditions are met. The host has to have an official agreement with the institution about the housing situation. The foreign student staying with the host should also not be a relative to the host. There may be other conditions, depending on the specific situation of the foreign student.
There are some jobs that require a uniform. You may qualify for the uniform tax relief. This tax rebate is for those who wear uniforms for work. Expenses covered include cleaning, repairing, or even replacing if need be.
This one is a bit tricky so you may have to research because the prices may differ depending on your industry.
Oftentimes, parents (especially single parents) need to leave their children at home. Now, don’t get too excited. This does not mean you can get a tax rebate for hiring a babysitter so that you can go on a date with your spouse.
This tax rebate applies to babysitting costs for adults when they are out looking for jobs. The Child and Dependent Care Credit covers this cost. They can also cover the costs of babysitting for taxpayers who need to leave their children for work.
Another way to get a tax rebate is when an adult needs a babysitter for when they are out doing charity work. If you want to avail for this tax rebate, take note that not all charities are qualified.You should check if the charity you volunteer at is qualified for this tax rebate.
Being kind does have its perks. Most taxpayers already know this but money or gifts given to a good cause can be tax deducted. This tax rebate should motivate people to go out and give more because the government will support you. This includes out-of-pocket money donations and even expenses in service for these charitable organizations.
There are more tax rebates out there and you just have to go out and find them. You can research these on your own or work with tax refund specialists. Getting to know these tax rebates will maximize your expenses and get the most of your money.