{"id":207577,"date":"2026-03-26T23:07:10","date_gmt":"2026-03-26T23:07:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/207577\/"},"modified":"2026-03-26T23:07:10","modified_gmt":"2026-03-26T23:07:10","slug":"tax-tips-overlooked-deductions-fox-13-tampa-bay","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/207577\/","title":{"rendered":"Tax tips: Overlooked deductions | FOX 13 Tampa Bay"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/vq8kbe65z4vtlqia.jpg\" alt=\"Tax tips: Overlooked deductions\" class=\"sr-only\" data-v-4292be72=\"\"\/>  <a href=\"https:\/\/www.fox13news.com\/video\/fmc-k8nqspag8lwsdhyx\" data-v-4292be72=\"\" rel=\"nofollow noopener\" target=\"_blank\">Tax tips: Overlooked deductions<\/a> <\/p>\n<p data-v-4292be72=\"\">About 1 in 5 taxpayers miss the Earned Income Tax Credit, leaving thousands of dollars on the table. FOX 13&#8217;s Craig Patrick shares what to look out for.<\/p>\n<p data-v-f1afc186=\"\">TAMPA, Fla. &#8211; Millions of Americans leave money on the table every tax season. About 1 in 5 eligible taxpayers miss the Earned Income Tax Credit (EITC), which is worth nearly $3,000 on average.\u00a0<\/p>\n<p data-v-f1afc186=\"\">Additionally, taxpayers can deduct up to $2,500 in student loan interest paid, even without itemizing. This phase-down starts for single filers earning more than $85,000 and disappears entirely if you make more than $100,000.<\/p>\n<p data-v-f1afc186=\"\">For those with high-deductible health plans in 2025, HSA contributions are deductible without itemizing. The limit is $4,300 for an individual and $8,550 for family coverage.<\/p>\n<p>  <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/vlcsnap-2026-03-26-17h07m40s534.jpg\" alt=\"\" loading=\"lazy\" fetchpriority=\"auto\" data-v-2fe2fe3e=\"\"\/>  <\/p>\n<p original-article-post=\"\" origination_station=\"WTVT\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">Local perspective:<\/p>\n<p data-v-f1afc186=\"\">The state and local tax deduction (SALT) cap recently quadrupled from $10,000 to $40,000.\u00a0<\/p>\n<p data-v-f1afc186=\"\">Even without a state income tax, this applies to <a href=\"https:\/\/www.fox13news.com\/tag\/us\/fl\" target=\"_blank\" rel=\"noopener nofollow\">Florida<\/a> residents because you can deduct your local property taxes combined with estimated state sales taxes.<\/p>\n<p original-article-post=\"\" origination_station=\"WTVT\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">What you can do:<\/p>\n<p data-v-f1afc186=\"\">If you made a home energy improvement last year, you need to act now.\u00a0<\/p>\n<p data-v-f1afc186=\"\">The credit for heat pumps, windows, and insulation expired on December 31. If you made qualifying upgrades before that date, be sure to claim the credit.<\/p>\n<p class=\"group-source-paragraph\" data-v-4fbf7207=\"\">The Source: Deduction limits, phase-outs, and expiration dates are sourced from the IRS tax code for the 2025 filing year. Statistics on the Earned Income Tax Credit are provided by IRS historical data.<\/p>\n<p>    <a href=\"https:\/\/www.fox13news.com\/tag\/business\/personal-finance\" class=\"tags-tag\" data-v-f1afc186=\"\" rel=\"nofollow noopener\" target=\"_blank\">Personal Finance<\/a><a href=\"https:\/\/www.fox13news.com\/tag\/money\" class=\"tags-tag\" data-v-f1afc186=\"\" rel=\"nofollow noopener\" target=\"_blank\">Money<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Tax tips: Overlooked deductions About 1 in 5 taxpayers miss the Earned Income Tax Credit, leaving thousands of&hellip;\n","protected":false},"author":2,"featured_media":207578,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[558,2159,115,8344,135,137,136],"class_list":["post-207577","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-business","tag-money","tag-news","tag-personal-finance","tag-tampa","tag-tampa-headlines","tag-tampa-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/207577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=207577"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/207577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/207578"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=207577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=207577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=207577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}