12 tax breaks you've never heard of

There are plenty of little-known deductions and credits hidden in the US Tax Code. Experts share some of their favorites for investors, whale hunters, pet lovers and maybe even you.

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VIDEO ON MSN MONEY

49Comments
Apr 9, 2014 12:01AM
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it costs the economy BILLIONS to comply to the 75000 pg US tax code. Neither party seems serious about simplifying it. Why? because a simple flat tax with no deductions would take away a big part of their power. "The power to tax is the power to destroy"-Chief Justice John Marshall
Apr 8, 2014 9:28PM
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I don't know where you guys been living at its been like that way before Obama got into the white house
Apr 9, 2014 8:28AM
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Our tax dollars go to those who don't want to work and to other countries who hate us while we work and pay for all this. Then we pay for the politicians in Washington who don't do their jobs but, stand up and make pointless speeches and make campaign promises they know they won't keep and are awarded Cadillac healthcare plans and a hefty pensions. Then the democrats and the president spends our tax money like crazy putting the government into deeper debt. Why not? It's NOT their money they have to shell out. It's the American people who will pay for all this through higher taxes. Please remember all this when you go to the polls in November.
Apr 8, 2014 8:32PM
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its pathetic when u apply for a job, and you get asked are u bilingual....wtf? and if u dont speak the litter language, you wont be hired...... i thought this was america....and in america we speak engilis......i guess its the USM, untied states of mexico now......
Apr 8, 2014 10:25PM
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all these silly ''tax breaks'' are for people who already have too damn much money and now they get to keep even more !!

NONE of these are for ME, the average joe, who needs every single penny...IN MY POCKET !! not in some tax haven where I can't spend it on the basics of living.

Apr 8, 2014 8:37PM
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u mean taxbreaks for illegal mexicans and out of wedlock kids
Apr 9, 2014 1:05AM
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This is a lame article. I've heard of all of these and I'm a layman, not a tax professional.  Find some that normal folks can use.
Apr 9, 2014 8:13AM
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What do you mean "never heard of"! This author must be stupid! Every taxpayer knows all of it!!
Apr 9, 2014 9:05AM
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SURPRISE !!
Laws are written by the rich for the rich

Apr 9, 2014 10:45AM
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Does anyone else see the hypocrisy?

Why does a progressive-liberal media outlet like MSN offer tips on how to reduce one's tax burden? Isn't it their objective to obtain yet more money for government coffers to fund all their programs and have more control?


(In fact, while we're on the subject; since 'inequality' seems to be their latest buzzword, why don't the rich celebrity blabbermouths live a lifestyle more akin to mainstream middle America in order to offer more of their 'unequal' wealth to others? This goes for the politically outspoken sports figures, entertainers in addition to the super rich Pelosi, Reid, Kerry, Durban, Schumer, et al. Instead, the Obama's go on one multi-million dollar vacation after the next on taxpayers' dime. Isn't it time for them to put their money where their mouths are? Either put up or shut up).

Apr 9, 2014 10:21AM
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Want to know why most people don't use these tax relief strategies??  It is because most of us don't hunt whales, don't live in Kuwait, and frankly need our IRA funds rather than donating them to charity!  Its not that we don't know about these tax "dodges", its because they don't apply to the majority of us, so we don't care about them. It is no wonder that they are "little used".. These articles, in general, written by MSN staff are universally trivial and examples of hyperbole at its greatest.  There are so many worthwhile subjects to write about-- ones where people really have a contributing viewpoint; but alas.. they just aren't "exciting" enough, or have the right catch word in their subject title to enlist the interest of these "yellow journalists".  Such is the "Tweeter and Facebook" mentality of these young writers-- where splash and snippets trump well researched and pertinent subject matter. 
Apr 8, 2014 8:30PM
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be an illegal mexican with illegal breed and you'll have a job and a tax refund all you need is a taxpayers id....this is PATHETIC AMERICA
Apr 9, 2014 1:52PM
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If the morons in office can get out of they're cash induced coma and really want to hand out a real tax break all they have to do is stop throwing it away every time some one farts in Washington. Stop the endless giveaways and stop mandating everything from heath care to how to scratch your balls and watch a real tax break happen.    
Apr 8, 2014 10:09PM
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i have an idea, stop all mexicans while driving, ask them for a drivers licenses....if they say they dont have one, have ins arrest them, and once all are gathered, drive the ins truck to the border of breedland and throw em back in the mexican waters.....then build an electric fence around the border 85 ft high.....and we'll see how many of em get back over herein the USA

Apr 9, 2014 1:03AM
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I think there are fewer IRS agents. This is great time to experiment with some new tax breaks

Apr 9, 2014 1:41AM
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Yes, and get a free Cadillac or other fine 4X4, every year for our Free Tax $$$'s every year claiming your illegal cousin's no proof of identity required except you are illegal, and have relative's living So. of the Border, down Colombia way...bleeding heart libtard's all of them in collusion.
Apr 9, 2014 12:18AM
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It sounds like someone needs to pay your taxes
Apr 9, 2014 8:54AM
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Righties and uninformed folks want tax relief, when the reason their taxes are high is because the Republican House of Representatives fails to appropriate enough taxes to keep our nation running from those at the top. When there is over 40 Trillion untaxed American Dollars hidden by corporations in the Caymans, Switzerland and other LLC off-shore hideouts, the burden falls on the rest of us to cover the cost of our national needs, because these sociopaths refuse to give back to the nation that allowed them to become rich in the first place, while George Bush gives seminars in posh Cayman Island resorts on "How to protect your wealth from the US Tax System" while his administration deregulated and spent our nation into a huge deficit! Instead of finding ways to pay for our national infrastructure programs, his advice is to hide your money and let the Middle Class pay for the bills! Fire the Republicans!
Apr 10, 2014 7:54AM
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Please remember Jesus Christ was not a rich man, in fact when all these billionaires are at death door they give it all away. Why? To move  on up .  Please remember treat everyone as you would yourself. that is in the holy books and you should reflect.  A progressive income tax to still is the fairest form of taxation. Verizon, At&t, BP, IBM,  Pay Nothing. Thanks  CONGRESS --you and I pay more and that the way it should be.  Business should make all the money and the lower classes like in South Carolina should pay everything. Makiing us poorer & poorer. God Bless The USA.
Apr 9, 2014 3:29PM
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Taxes should be collected by the groups who can afford to pay them. Right now most trillion $ ex Verizon, At&t , Bp , Walmart ,Ibm, they don't pay any. You & I pay more, they believe that you are that stupid to believe in logic. That If we have more money we'll create more jobs. So far they have become multi billion corporations and they don't pay taxes. What about us?     A Progressive income tax is the fairest form of taxation--- with no deductions.   
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