Medical and Dental Expenses - Health Insurance Premiums - Prescription Costs/Co-Pays - Only the part of Medical/Dental expenses that exceeds 10% of you Federal AGI is deductible. 7.5% if 65 or older. - Income Taxes - Real Estate Taxes - Personal Property Taxes - General Sales Tax - You can elect Income Taxes OR General Sales Taxes. You cannot deduct both. Interest You Paid Form 1098 Mortgage Interest Statement - Home Mortgage Interest - Home Mortgage Points - Home Mortgage Insurance Premiums Investment Interest - Form 4952 Investment Interest Expense Deduction - Schedule K1 Investment Income/Interest/Expenses
| - Cash/Checks - Noncash Donations (clothes, furniture, etc.) - Form 8283 will attach depending on entries Volunteer Work - Work Uniforms - Protective Gear (hard hat, gloves, etc.) - Union Dues/Fees Miscellaneous Deductions (line 23) - Tax Preparation Fees - Legal/Accounting Fees - Custodial Fees Other Miscellaneous Deductions (line 28) - Gambling Losses;up to winnings included in income. - Schedule K-1 Portfolio Income Including Federally Declared Disaster Areas - Form 4684 Casualties & Thefts |
On the Schedule A - Itemized Deductions Page, there are two ways to edit sections.
Option A:
Open/Edit directly from the Form Schedule A.
The Schedule A will reflect the information entered.
Option B:
Click the pencil of the section you want to open. Located below the form.
