IRS Impersonation Scam Is Largest In History, Cost Consumers $15.5M

IRS Impersonation Scam Is Largest In History, Cost Consumers $15.5M

(Mav)

The 2015 tax season has been fraught with complications, from the fraudulent use of tax returns to the “dirty dozen” scams meant to tear consumers away from their money. During a Senate Finance Committee hearing exploring ways in which consumers could better be protected from such hustles, federal investigators divulged more information about one of the most prevalent tax-time scams in recent years, saying it has now targeted 366,000 taxpayers to the tune of $15.5 million.

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2015 Tax Tip: Most Commonly-Overlooked Deductions -

In the midst of preparing taxes, there are many common things people forget they can claim as deductions. One of the biggest deductions people overlook is the home office deduction, according to Tom Wheelwright with the CPA firm ProVision. “You may have an office in your home that is strictly for what you do in your investing. There’s a lot of deductions available there,” says Wheelwright. Deductions can include an air conditioning bill, heating bill and even a water bill, according to Wheelwright. “You even get to depreciate a part of your house,” Wheelwright says. If you’re drowning in student debt, you can also deduct your loan interest. Tax experts say that’s often overlooked by people who don’t itemize their returns. Tobie Stanger, a senior editor at Consumer Reports, said there are also some costly medical procedures that can be deducted. “Laser eye surgery can be written off as a medical deduction. Invitro fertilization treatments also can be written off. That’s a very expensive treatment,” said Stanger. There’s also never been a better time to kick the habit. Smoking cessation programs and patches can be deducted.

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Delta updates 2015 SkyMiles Program

Delta updates 2015 SkyMiles Program
ATLANTA – Delta Air Lines is updating the SkyMiles program with several changes to improve the program as members earn status and redeem miles for Award tickets. SkyMiles members will have access to a number of program improvements, including lower One-Way Awards, improved tools for Delta customers to book Award travel, and the ability to earn Medallion Qualification Dollars (MQDs) on partner airlines.

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