Filing your own taxes can be a draining and stressful task, and you can often overlook some pretty substantial tax deductions. The easiest way to know which tax deductions you’re eligible for is by hiring an accountant or tax planner. This can help you reduce stress, decrease the taxes you owe and increase your tax return. Who doesn’t want a little extra money back at tax time?!

When working with an accountant to file your taxes, the process is relatively hassle-free. Accountants complete your taxes quickly and accurately, which also means that you receive your tax return sooner.

Tax preparers gather financial information that people typically forget about when filing on their own. The following are commonly overlooked tax deductions:

• Charitable donations

• Dependents

• Earned income tax

• Energy-saving home improvements

• Health insurance premiums

• Job hunting expenses

• Moving expenses

• Military reserve travel expenses

• Reinvested dividends

• Self-employment expenses

• State sales tax

• Student loans

Accountants work with you to gather all the information needed to file your taxes. All your financial information is collected including income statements, expenses and information on dependents. Working with an accountant ensures that nothing is overlooked or forgotten.

Do you use an accountant? Tell us all about it in the comments!