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IRS Form 1098 Explained: Don’t Miss These Hidden Tax Deductions 💰 #taxtips #irs #shorts
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@gavtaxplanning on Instagram: "Got a 1098 in the mail? Don’t ignore it — it could be costing you money. 💸 IRS Form 1098 isn’t just paperwork. It’s a deduction trigger that tells the IRS (and you!) about payments that may lower your tax bill. 🏡 Mortgage Interest (1098) 🎓 Student Loan Interest (1098-E) 📚 Education Credits (1098-T) 🚗 Vehicle or Boat Donations (1098-C) When these forms are overlooked, so are the deductions and credits tied to them. The key? Match every 1098 to the correct place
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