Americans leave an estimated $1 billion in unclaimed deductions on the table each year. Before filing your 2025 return, make sure you haven't missed these commonly overlooked write-offs.
Commonly Missed Deductions
- State sales tax (instead of income tax in no-income-tax states)
- Student loan interest: up to $2,500 even without itemizing
- Home office: $1,500 simplified deduction for self-employed
- Charitable mileage: 14 cents/mile for volunteer driving
- Medical expenses over 7.5% of AGI
- Teacher classroom expenses: $300 above-the-line deduction
The most overlooked above-the-line deductions (available without itemizing): student loan interest, HSA contributions, educator expenses, and self-employment tax deduction.
