Looking For Last Minute Tax Deductions? Try Making a Ringtone About Yourself!

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last minute tax deductions

Happy Tuesday everyone! I know I ran an infographic last week and I normally only like to post one a month, but I when I saw this one I just had to share it. That, and last week was crazy busy so I did not get a chance to write as much as I would have liked to.

Next week is the tax filing deadline and unless you plan on filing for an extension then the time is a comin.’ As tax season is coming to a close I know that many are looking for last minute tax deductions they can take. Some are easy to find while others force you to be a little more creative.

Being business owners, we’re always looking for tax deductions to take to improve our tax picture which is why this infographic stood out to me. Now that we have a CPA we trust them to help us out in terms of finding deductions, but prior to that the H & R Block platform helped us save quite a bit of money through their deduction finder tools. Please note that I am not a tax advisor and that if you do have any questions on your tax deductions, please consult a tax professional.

Taxes have a way of leveling people and bringing people like celebrities down to the status of ordinary folk. Apparently not all celebrities live the lifestyle of the rich and famous. Part of the reason at least some of them get to being rich is they have taken frugality and turned into an art form.

I mean, what doesn’t scream tax deduction like sending out postcards to remind every American who you are, or writing off the cost to develop your very own ringtone. Speaking of ringtones, what would a Frugal Rules ringtone sound like? I imagine it would be to the tune of Pink Floyd’s “Money” of course! Oh, and if you’re looking for one last minute tax deduction to avoid, don’t follow Oprah in this case who wrote off her $3,000 chair because it was “more flattering;” it might raise a few red flags at the IRS.

Celebrity Tax Deductions



What last minute tax deduction on the infograph seemed most crazy or most audit worthy to you?

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John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.

Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.

Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.


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