Itemized Deductions

Medical Expenses

Hospitalization and Health Insurance Premiums
Include......... tax amounts paid or withheld at work

Medicare Insurance Premiums Paid (Form SSA-1088)
Long-Term Care Insurance Premiums (Tax Tip 18)
Vision Insurance
Dental Insurance
Prescribed Drugs and Insulin
Doctors and Clinics
Dentist and Orthodontists
Glasses, Contact Lenses, Eye Exams, Laser Eye Surgery
Hospitals, Nurses, Ambulance
Nursing or Long-Term Care Facility

Medical Transportation (taxi, bus, ambulance, etc.)

Other (please details)

Medical miles@20 cents +parking

Interest

  • First Mortgage (not more than purchase price)
    • Second Mortgage (not more than $100,000)
    • Points on purchase of new home
    • Points on refinancing
  • Vacation home interest
  • Interest on Investments

Contributions

  • Churches or Synagogues
    Donation form your pay check
    United Way

mileage for charity driving @14 cents

Non cash Donations
(if more than $500 need Documents)

Miscellaneous
Deductible only if total exceeds 2% AGI
Un reimbursed employee business (e.g. union dues)
Tools and supplies, special uniforms and safety equipment, professional dues and subscriptions, job-related educations..(see tax tips 1,2 and 25), List items on separate sheet.
see STEP 1 for automobile expenses and travel and entertainment.

Job-Seeking Expenses in Same Field

Travel/Air Fare/Lodging
Meals
Employment Agency Fees
Resume $................ Other $.....................

Tax prep, Financial Planning/Consultation Fees (Tax tip 27)

Investment Expenses (Tax tip 28)

Phone/ Postage/ Supplies for Investments
Safe Deposit Box
Investment Publications and Journal
IRA and ....... Fees You Paid Directly

Gambling Losses Limit to Total Gambling Warnings
Other
Other

EDUCATION EXPENSES

Up to $250 go on front page of 1040

Job Related Classes
Mileage from work to school 48.5 cents

Taxes

  • State and Local Income Taxes Withheld
  • State and Local Income Taxes Paid in 20.. for 20.. Tax Year

or

  • State and Local Series Tax Paid for Major Purchases
    Plus Sales tax chart based on family size and income

Real Estate Taxes

  • Other Real Estate Taxes (second home, cabin, etc.)
  • Property Tax Refund
  • Special Assessments - Interest Portion Only
  • Personal Property Taxes (auto license tags, etc.)


Phone: (626) 447-8829 - Copyright © 2007 Smart Tax Saver, Arcadia, California. All rights reserved.