Page 6 - AAA North jersey – AAA Now! – January/February 2018

TurboTax
What’s your New Year’s resolution? Is it to learn how to get the most out of your tax returns?
Okay, perhaps that’s not your New Year’s resolution. But the 2018 tax season is upon us, and while the deadline to file isn’t until April, it’s never too early to start thinking about how you can save money.
Still Not Convinced?
According to TurboTax, there are a number of tax deductions that many people don’t know exist or overlook in their haste to file on time. Here are three to keep in mind and help motivate you this tax season.
Tuition
Most people know that tuition is deductible for full-time students, but did you know that you could be eligible even if you aren’t working toward a degree? A lifetime learning credit of 20 percent of up to $10,000 of tuition and fees might be available to you.
Mileage
Whether you’re self-employed or an employee, you can deduct your mileage if you use your vehicle for business purposes. Mileage used when driving between more than one job is also deductible.
Bad Debts
It’s a rough day when you loan your friend $10,000 and he or she disappears without
a trace. Not all is lost; up to $3,000 of that is deductible as a short-term capital loss in the year the debt becomes uncollectible.
AAA members can save on TurboTax federal products. Learn more at AAA.com/TurboTax.
Free AAA Membership Renewal
Sprint will pay for your annual AAA membership renewal fee
for as long as you remain a Sprint customer.
Free AAA Basic membership. Renewal reqs. 1 active phone line of svc, AAA member number, and req. reg. at sprint.com/AAA w/in 30 days of phone activ.
As a AAA member, you are also eligible to receive
a special Sprint discount on monthly service. Take advantage of this incredible offer and start enjoying all the benefits — and peace of mind!
Learn More: AAA.com/sprintAd | 1 (800) 754-6907 Find your nearest Sprint store: sprint.com/storelocator
Activ. fee: Up to $30/line. Credit approval req. offers for AAA Members: For a limited time. AAA renewal offer: Ends 12/31/18 Avail. for active AAA members. Limit 1 free Basic renewal fee per yr. per AAA member number. Basic renewal fee may be applied to AAA Plus or Premier fee. Fees paid by Sprint are non-refundable & non-transferable. Sprint Acct. must remain active & in good standing to receive offers. Excl. CL, MBB devices, tablets, Sprint Phone Connect. other terms: Offers/coverage not avail. everywhere or for all phones/networks. May not be combinable with other offers. offers subject to change according to AAA’s agreement with sprint and may be modified, discontinued or terminated at any time without notice. Restrictions apply. © 2018 Sprint. All rights reserved. Sprint & logo are trademarks of Sprint. Other marks are property of their respective owners.
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