Date: 2007-04-11
FOR IMMEDIATE RELEASE
JACKSON HEWITT® CELEBRATES MEDICAL WORKERS WITH OCCUPATION-RELATED TAX SAVINGS
Now Through April 15, Participating Jackson Hewitt Locations Offer Discount Off Tax Preparation For Workers Across a Wide Range of Occupations
Campaign Continues With Tax Benefits for Medical Workers: April 12 - 13
PARSIPPANY, N.J., April 11, 2007 – Nurses, doctors, hospital aides, pharmacists and others working in a medical position can make sure their 2006 tax returns are in good health by visiting an office of Jackson Hewitt Tax Service®, a leader in the tax preparation industry. The company celebrates taxpayers in the medical community this Thursday and Friday, April 12-13, 2007, by offering a $25 discount off tax preparation services. Customers will also receive a personalized occupational review through the company’s proprietary Deductions@Work® program to ensure that they are aware of and receiving the credits and deductions that may be available to them based on their occupations. Other occupations will be celebrated, also for two-day periods, now through Sunday, April 15.
This special offer is part of a larger campaign by Jackson Hewitt to remind taxpayers that there are numerous tax deductions specifically related to different types of employment. Throughout April, Jackson Hewitt is working around the clock to celebrate the Workforce of America. The company will spotlight a number of industries to help a variety of workers take full advantage of the tax benefits related to their profession when filing this year.
On Thursday, April 12, and Friday, April 13, medical workers can visit participating Jackson Hewitt locations around the country to receive the $25 discount off tax preparation.
Following are some of the tax considerations for health care professionals to keep in mind when they file:
• There are numerous deductions that may apply to those working in these positions (if expenses are unreimbursed), including: subscriptions to professional medical journals; professional dues; malpractice insurance or insurance premiums for protection against liability or wrongful acts; specialized equipment or tools; the cost and upkeep of uniforms if they are required for work and not suitable for everyday wear (for example, a nurse’s bedside uniform and shoes that cannot be worn when off duty); and state or local government regulatory fees, licenses, or flat rate occupational taxes, provided these fees are not paid for initial certification or licensing.
• Work-related education courses or seminars may be considered as deductions if they meet certain requirements, such as refresher courses, courses on current developments, and vocational courses. Keep in mind that education qualifying you for a new trade or business or that helps you to meet the minimum education requirements of your present trade or business is not deductible as a business expense. For example, a licensed practical nurse cannot deduct the cost of going to nursing school to become a registered nurse or to become a physician’s assistant as work-related education.
• Student loan interest may be a deduction that taxpayers in many occupations, including medical, can qualify for. Taxpayers who take out a loan to pursue studies and pay interest on that loan may be able to claim up to $2,500 of the interest as a student loan interest deduction on a tax return.
“Taxpayers are often familiar with claiming deductions for medical costs, but it is important for those who work in medical occupations to know about the job-related options that may exist when it comes time for them to file,” explains Michael D. Lister, President and CEO, Jackson Hewitt Tax Service Inc. “Jackson Hewitt is pleased to work with the medical community on these final days to get their tax returns in tip top shape.”
Jackson Hewitt’s proprietary Deductions@Work program currently reviews over 50 of the most common professions in the U.S. and notes all of the credits and deductions available for each.
As the tax deadline approaches, Jackson Hewitt offices will be open extended hours – some until midnight and even 24-hours during the final days before April 17 – to help America’s workforce prepare and file their income tax return and capture all of the job-related deductions and credits available to them. For a partial list of occupations profiled and to review some of the most commonly overlooked deductions, visit
www.jacksonhewitt.com.
About Jackson Hewitt Tax Service Inc.Jackson Hewitt Tax Service Inc., with over 6,500 franchised and company-owned offices throughout the United States during the 2007 tax season, is an industry leader providing full service individual federal and state income tax preparation. Most offices are independently owned and operated. The Company is based in Parsippany, New Jersey. More information may be obtained at
www.jacksonhewitt.com. To locate the Jackson Hewitt Tax Service office nearest to you, call 1-800-234-1040.