Do you know which tax deductions you can claim on your federal income tax return? If not, don't worry – we have a checklist to help you out. Our Itemized Deductions Checklist Form is a comprehensive guide that will walk you through the most popular deductions. Keep in mind that this list is not exhaustive, so be sure to consult with a tax professional to see if there are any other deductions available to you.
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Question | Answer |
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Form Name | Itemized Deductions Checklist |
Form Length | 1 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 15 sec |
Other names | checklist for tax deductions, tax deduction checklist pdf, list of tax deductions, tax deduction checklist |
Itemized Deductions Checklist
Medical Expenses
Medical expenses are generally deductible if they exceed 10% of your income or 7.5% of your income if you are over the age of 65.
Some common medical expenses: |
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Doctor/Dentist Fees |
Psychiatric Care |
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Drug/Alcohol Treatment |
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Treatment |
□ School and/or Home for |
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□ Cost of Guide Dogs |
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Disabled |
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□ Handicap Access Devices for |
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Premiums |
Smoking Cessation Program |
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Disabled |
Meals/Lodging Related to |
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Cost |
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Hospital Fees |
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Hospital Stays |
□ Special Life Items (glasses, |
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Insurance Premiums |
Medical Devices |
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limbs, dentures, wheelchairs, |
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Prescriptions |
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Operations |
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hearing aids, contacts, etc.) |
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Laser Eye Surgery |
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Organ Donation |
Transportation (Medical |
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Lead Based Paint |
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Physician Diet/Health |
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related) |
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Removal Cost |
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Programs |
□ Weight Loss Program Costs |
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Taxes |
The following taxes are generally 100% deductible: |
□ Real Estate Taxes |
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State/Local Taxes |
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Property Taxes |
□ Value Based Auto License Fee |
□ Payments to Mandatory State Funds |
□ General State/Local Sales Tax |
□Foreign Income Taxes
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Interest Expense |
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Most personal interest is |
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Home Mortgage Interest |
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Business Interest |
□ 2nd Home Mortgage Interest |
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Investment Interest |
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Mortgage Loan Interest Premiums Covering |
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“Points” Paid |
Mortgages Purchased in 2007 & beyond
□Interest on Special Assessments (as real estate tax)
Charitable Contributions
Cash and property are generally deductible if donated to qualified organizations. These include:
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Churches |
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War/Veterans Groups |
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□ Agencies such as: Red Cross, Salvation Army, |
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Goodwill, United Way, & etc. |
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Public Parks |
YMCA |
□Boy & Girl Scouts
□Some Environmental/Conservation Groups
Casualty & Theft Losses
Casualty and theft losses are generally deductible to the extent they exceed 10% of your adjusted gross income, are not reimbursable
by insurance, and each event exceeds $500. |
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Fire |
Car Accident |
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Theft |
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Vandalism |
□ Natural Loss: Tornado, Hurricane, Flood, etc. |
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Other Accidents |
Miscellaneous Deductions
Most of the following miscellaneous deductions are only deductible to the extent they exceed 2% of your adjusted gross income.
□ Gambling Losses to Offset |
□ Hobby Expense to Offset |
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Gains |
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Gains |
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IRA/KEOGH Administration |
Handicapped Job Related |
□ 50% of Business Related |
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Fees |
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Expenses |
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Meals; Entertainment |
Business Use Depreciation |
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Work Uniforms |
Classroom Material Expense |
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Certain Legal Fees |
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for Teachers |
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Trust Administration Fees |
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Job Hunting Expenses |
Repayments of Income |
□ Job Required Medical Exams |
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□ Safe Deposit Box Cost |
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Repayments of Social |
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Job Required Education |
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Tax Preparation Fees |
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Security |
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Expenses |
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Employee Business Expenses |
Investment Related Expense |
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