Every year, millions of Americans pay more in taxes than they strictly have to, all because they failed to adopt a year-round strategy based on maximizing deductions and credits. Drawing upon an in-depth understanding of the law, a tax consultant can recommend ways to substantially reduce your liability without making significant changes in your lifestyle.

Sharrard McGee & Co PA, accounting services experts based in High Point and Greensboro, recommend adopting these strategies before next year's tax season begins:

• Deduct Business & Charitable Donation Miles: If you use your own vehicle for work and are not compensated by your employer, the IRS will allow you to deduct 54 cents per mile, which can add up to a significant amount if you drive for your employer often. Furthermore, when you use your own vehicle for charitable work, you can deduct 14 cents per mile.
• Deduct Job-Related Educational Expenses: If you've pursued higher education, either to improve and build skills needed for your current position or satisfy your employer's requirements, those expenses may be deductible as long as you weren't compensated for them. Depending on the type of program, you may be able to deduct the tuition, cost of books, and some transportation expenses.
• Deduct Your Home Office: If you work from home, either as a freelancer or an employee for someone else, tax consultants recommend deducting what you pay for the space you use as an office. Only space that's used as a primary workspace is eligible; you can't take this deduction if you also maintain an office at your employer's location.

A skilled tax consultant is an investment that will likely pay for itself many times over. To find out how Sharrard McGee & Co PA can help lower your tax liability, visit their website or call (336) 884-0410 today. You can also like them on Facebook for the latest news and updates.