A LOCAL 8 WEATHER ALERT is in effect into Wednesday due repeated rainfall. A Flood Watch is in effect for our area until 7 AM Wednesday. Where there are more pauses in the rain, totals will be closer to 2 inches but some will receive at least 4 inches of rainfall total. Creeks and streams run high and areas with poor runoff could face flooding problems. Busy commute hours could face more slowdowns, with fog and standing water on roads as well.
KNOXVILLE, Tenn. (WVLT)-- About 25% of Americans overpay on their taxes every year but with a look at these deductions you might save a few bucks.
State sales taxes- If you bought a vehicle, boat, or airplane last year then you can add the state sales tax you paid to the amount you paid.
Out-of-pocket charitable contributions- this includes small things like stamps for a school fundraiser. Also, if you drove your personal car for a charity then you can deduct 14 cent per mile.
Student loan interest- where you can deduct up to $2,500
Child care credit- which will reduce your tax bill dollar for dollar
Earned Income Tax Credit (EITC)- created for low to moderate income workers. The refundable tax credit depends on your income, marital status and family size.
Those are just a few deductions you might want to look into further. There are some helpful links at the bottom of the page to get you all your tax deductions and credits you deserve.
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