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Commonly Overlooked Personal Tax Deductions

Tuesday, February 15, 2011 - 12:24 PM
Here's one of the 14 listed in this Money Crashers blog post that may be of interest to savers:
11. Penalty on Early Withdrawal of Savings, Form 1040, Line 30
Did you cash in a CD early this year? If you got charged a fee for that, you can deduct it directly on your 1040.

This might become more common in the future when interest rates rise.
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Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
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