Itemized Deductions

Please Note: New tax law has basically doubled the standard deduction and eliminated the Misc. deduction entirely. Therefore, it is more difficult to exceed the standard deduction.

To deduct mortgage interest, the loan must be on your primary residence. No RV or boat interest deductions.

In some cases Schedule A deductions do not qualify for Federal but do result in a deduction for State.

Medical Expenses

Medical Miles Driven
Medical Insurance Premiums
Dental Insurance Premiums
Long Care Health Care Contracts
Prescription drugs / Insulin
Doctors / Therapists
Dental / Denture / Braces
Eye Glasses
Qualifying Equipment per Doctor
Lab X-Ray
Special Needs Children Expenses
Orthopedic Shoes
Canes / Crutches / Braces
Wheelchairs
Nursing Help

Taxes

Real Estate Taxes on Home
Real Estate Taxes on Second Home/Condo
Property Taxes on Land

Interest

Home Mortgage Interest Paid
Home Points Paid
Qualified Mtg Insurance Premiums
Investment Interest

Gifts to Charity

Cash Gifts
Other than Cash
(Note: If non cash donations exceed $500, and itemized list and receipts are required. Vehicle donations with a value greater than $500 must have a form from the seller as to what the vehicle sold for.)
Charitable miles driven

Casualty and Theft Losses

Calculate on Form 4684