How Having a Professional Review Your Taxes Can Help You: Common Missed Deductions 

Preparing your taxes can be a stressful and time-consuming process, especially amid frequently changing tax laws. Enlisting the assistance of a qualified professional, such as those at Castillo Insurance & Income Tax Service, can help individuals and small business owners in and around Balch Springs, TX maximize their returns and avoid costly mistakes.

Why a Professional Tax Review Matters

Even if you’re diligent about keeping records and experienced in using tax software, it’s still quite possible to overlook valuable deductions or credits. Fortunately, our team is trained to spot opportunities that might otherwise be missed, helping you take full advantage of the tax benefits available to Texas families and businesses. We stay up to date on the latest regulations and provide diligent tax preparation services so you don’t have to worry about missing out on financial opportunities.

Commonly Missed Deductions

Many taxpayers are surprised by how many deductions go unclaimed each year. Some of the most frequently overlooked include:

• Home office expenses for those running a business from their residence
• Mileage and vehicle expenses related to business activities
• State sales tax deductions, which can be especially beneficial in Texas
• Medical expenses that exceed a certain percentage of your income
• Education and continuing professional development costs
• Charitable contributions, including noncash donations

How We Help Residents and Small Businesses

At Castillo Insurance & Income Tax Service, we take the time to understand your unique situation. Whether you’re an individual taxpayer or a small business owner, our professional tax review services are designed to uncover missed deductions and make sure your return is accurate and optimal.

Contact our team today to schedule a professional tax review and see how we can help you make the most of your tax return this season.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.