Overlooked Tax Deductions You Shouldn't Miss for Your 2024 Tax Return

Join Stephen Lee, a Chicago-based CPA specializing in locum medical professionals, in this must-watch video podcast where he discusses six often-overlooked tax deductions that can significantly impact your 2024 personal income tax return.

Learn about deductions for charitable contributions, state and local taxes (SALT), mortgage interest, medical expenses, health savings accounts (HSAs), and IRA contributions. Make sure you have all the necessary receipts and documentation, and understand the IRS guidelines to maximize your savings and possibly turn a tax bill into a refund. Don't miss out on these critical tips to ensure you're fully prepared before hitting 'submit' on your tax return.

00:00 Introduction: Don't Miss These Tax Deductions!

00:46 Charitable Contributions: A Generous Tax Break

02:06 State and Local Tax Deduction (SALT)

02:44 Mortgage Interest Deduction: Homeowner's Advantage

04:01 Medical Expenses: Claim Your Health Costs

04:59 Health Savings Accounts (HSAs): Tax-Free Medical Savings

06:33 IRA Contributions: Boost Your Retirement Savings

07:59 Conclusion: Maximize Your Tax Savings

How to Start and Operate Your Locums Practice:https://thelocumcpa.com/

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The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.