List of tax deductions

Website design By BotEap.comIf you itemize your deductions when you file your tax return, you may have wondered where you can find a list of tax deductions. You can visit the IRS website or sit down for an hour with a tax professional. Most people don’t take all of the tax deductions they’re eligible for; this can make a big difference in how much of your money stays for you compared to paying taxes to Uncle Sam.

Website design By BotEap.comHere is a list of deductions for reference; use it as a starting point for further investigation. Only your tax preparer or tax professional can tell you for sure if any of these deductions apply to you. You can use this list of deductions to see if you’ve missed out on any valuable tax deductions.

Website design By BotEap.comThis is by no means a complete list of deductions, these are just the most common deductions and could apply to a wide range of people.

Website design By BotEap.comList of deductions:

Website design By BotEap.comself-registration fees

Website design By BotEap.com– Tip: If you don’t remember how much you paid, check your car registration card.

Website design By BotEap.comreal estate expenses

Website design By BotEap.com– Mortgage interest

Website design By BotEap.com– Penalties for prepayment of mortgage

Website design By BotEap.com– Penalties for early withdrawal

Website design By BotEap.com– Points paid for mortgage on habitual residence

Website design By BotEap.com– Real estate taxes

Website design By BotEap.comcharitable contributions

Website design By BotEap.com– Cash contributions to US charities

Website design By BotEap.com– Non-monetary contributions made to US charities (eg Red Cross, Salvation Army)

Website design By BotEap.comInvestment expenses

Website design By BotEap.com– Tax preparation fees charged by accountant.

Website design By BotEap.com– Online tax preparation fees (cost of tax preparation software or online tax fees)

Website design By BotEap.com– Brokerage fees

Website design By BotEap.com– Interest margin paid on investment accounts.

Website design By BotEap.com– Investment commissions

Website design By BotEap.com– Legal fees

Website design By BotEap.com– Rental of safes

Website design By BotEap.comTaxes
– State and local income tax

Website design By BotEap.com– Property taxes for condominiums or cooperatives

Website design By BotEap.com– Disability insurance tax (certain states)

Website design By BotEap.com– Tax on work

Website design By BotEap.com– Tax on personal property

Website design By BotEap.com– Real estate tax

Website design By BotEap.com– Property Transfer Tax

Website design By BotEap.com– Withholding taxes

Website design By BotEap.comCasualty and theft losses
– Losses to your home or property due to Theft or acts of nature

Website design By BotEap.comBooks and Publications
– Books, specialized magazines, newspapers and publications that you paid for and that are used in your profession.

Website design By BotEap.comFees and fees
– Due to a professional organization for people in your profession

Website design By BotEap.com– Union dues, initiation fees and assessments for benefit payments to unemployed union members.

Website design By BotEap.com– Regulatory fees for your profession

Website design By BotEap.com– Due to chambers of commerce and similar organizations

Website design By BotEap.com– Licenses paid to state or local governments

Website design By BotEap.comEducation and Research

Website design By BotEap.com– Educational expenses only if related to your current job that maintains or improves your skills.

Website design By BotEap.com– Research expenses

Website design By BotEap.com– Equipment and supplies

Website design By BotEap.comBusiness use of home computer and Internet

Website design By BotEap.com– It must be for the convenience of your employer and required as a condition of your employment.

Website design By BotEap.com– Supplies and tools you use in your job

Website design By BotEap.com– Internet connection must be for the convenience of your employer and required as a condition of your employment.

Website design By BotEap.comJob search expenses

Website design By BotEap.com– To deduct job search expenses, you must be looking for a job in your current line of work (not for a new job)

Website design By BotEap.com– Curriculum preparation (writing, typing, printing, mailing, faxing)

Website design By BotEap.com– Employment agency fees

Website design By BotEap.com– Recruiter fees

Website design By BotEap.com– Professional advice to help you improve your position

Website design By BotEap.com– Legal and accounting fees you pay in connection with the negotiations and preparation of the employment contract

Website design By BotEap.com– Advertising for job search

Website design By BotEap.com– Transportation expenses to job interviews.

Website design By BotEap.com– Long distance calls to prospective employers

Website design By BotEap.com– Newspapers you buy to search for classified sections

Website design By BotEap.com– 50% of your meals that you pay for that are directly related to your job search

Website design By BotEap.com– Travel expenses if you traveled looking for work, accommodation, meals (50% of the cost), etc. are deductible only if the main purpose of your trip is to look for work

Website design By BotEap.com– Keep track of travel expenses incurred in your job search

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