Last-minute tax tips, deductions and forms for 2015 tax day

Originally published on Newsday, April 13, 2015.


Here are last-minute tax tips, deductions and forms for 2015 tax day, which is on April 15.

Money Expenses

If you relocated in the past year due to a change in your job or business location, or because you started a new job or business, you may be able to deduct those expenses. "You must meet a number of tests based on start date, relative distance and time employed," says Al Colanero, senior tax manager at WeiserMazars LLP in Woodbury.

Maximize Medical Expenses


There's a lot of latitude with medical expenses. You can deduct the cost of a hot tub if you have a prescription from your doctor as a medical necessity, says John Gregory, founder of The cost of laser eye surgery is allowed because the surgery “meaningfully promotes the proper function of the body. "

Money Management Pays Off


If you subscribed to an investment newsletter, paid a financial adviser to review your retirement plan or had an attorney prepare a living will or trust, you can deduct these expenses, says Michael Atias, tax director at Online Trading Academy in Irvine, Calif.

Capitalize on Camp

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Your kids had a blast at camp. Good news: The Child and Dependent Care Tax Credit applies to qualifying day camp expenses -- up to $6,000 of dependent care expenses if you have two or more dependents (up to $3,000 for one dependent).

Note Your Health Coverage

AP/Jon Elswick

Tax returns need full disclosure on health coverage. While some of it can get confusing, most people will only need to check a box on their federal tax return stating they were covered for all of 2014. Ask a tax professional for help.

Work Has Rewards

You can deduct work-related expenses not reimbursed by your employer, including uniforms, if they exceed 2 percent of your adjusted gross income, says Jeffrey Hoops, assistant professor at Long Island University in Brookville.

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