Meanwhile, if you're still paying off student loans, you may be eligible to deduct that interest on your tax return. And if you're self-employed, there are a number of items you can deduct, from mileage on your vehicle to the self-employment tax you paid (or should've paid) during the year. Don't wait until the very last minute to fileIf you haven't yet started your taxes, you're clearly getting down to the wire. Still, at this point, the filing deadline is over a week away, which means you're better off beginning to tackle your return today than waiting even longer. If you rush through the filing process, you'll risk making a mistake that increases your audit risk or causes your tax return to get rejected.

Source: Daily Sun July 06, 2020 12:45 UTC