A lot of tax breaks are well known, such as deducting mortgage interest, tuition, and child care expenses. However, investors have their own set of tax deductions and breaks, many of which are not too widely known.
For instance, did you know that your investment magazine and Motley Fool subscriptions are deductible? How about the accountant you hired to tally up your profits and losses? These are just a few of the tax benefits that investors often overlook.
Here is a slideshow of seven tax benefits that matter to you as an investor, as well as some tips to help make sure you're taking full advantage of each one.
Take advantage of this little-known tax "loophole"
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.