What Is Tax Deductible? Part I


The following is a partial list of possible tax deductions. The deductibility of these items may vary

Depending on your individual tax situation: *

 
-Medical & Dental Expenses

-Home Mortgage Interest & Points Paid

-Charitable Contributions

-State and Local Income Taxes

-Property Taxes (i.e.: Car Registration Tax)

-IRA and Qualified Plan Contributions

-Student Loan Interest

-Penalty on Early Withdrawal of Savings

-Moving Expenses

-Casualty and Theft Losses

-Tax Preparation Fees

-Job Related Expenses

-Safe Deposit Box Fee

-Investment Expenses

-Gambling Losses to the Extent of Winnings

-Foreign Income Taxes Paid


Please also see our list of possible business tax deductions page if you are self-employed or engaged in a business. 


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