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Last-minute tax tips, deductions and forms for 2015 tax day

Here are last-minute tax tips, deductions and forms for 2015 tax day, which is on April 15.

Maximize medical expenses

There's a lot of latitude with medical expenses.
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There's a lot of latitude with medical expenses. You can deduct the cost of a hot tub if you have a prescription from your doctor as a medical necessity, says John Gregory, founder of 1040Return.com. The cost of laser eye surgery is allowed because the surgery “meaningfully promotes the proper function of the body. "

Money management pays off

If you subscribed to an investment newsletter, paid
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If you subscribed to an investment newsletter, paid a financial adviser to review your retirement plan or had an attorney prepare a living will or trust, you can deduct these expenses, says Michael Atias, tax director at Online Trading Academy in Irvine, Calif.

Capitalize on camp

Your kids had a blast at camp. Good
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Your kids had a blast at camp. Good news: The Child and Dependent Care Tax Credit applies to qualifying day camp expenses -- up to $6,000 of dependent care expenses if you have two or more dependents (up to $3,000 for one dependent).

Note your health coverage

Tax returns need full disclosure on health coverage.
Photo Credit: AP / Jon Elswick

Tax returns need full disclosure on health coverage. While some of it can get confusing, most people will only need to check a box on their federal tax return stating they were covered for all of 2014. Ask a tax professional for help.

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