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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.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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