What can you claim as tax deduction?

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1211487

2026-03-12 17:36

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You can claim this long list as deduction :medical, dental, prescription drugs, and other health care costs, state and local income taxes or state and local sales taxes, real estate (property) taxes, personal property taxes (such as motor vehicle registration fees). Interest paid on a home mortgage, interest paid on investments (such as margin interest),cash contributions to charities and churches, and the fair market value of non-cash contributions to charities and churches, personal losses because of theft or casualty. Job-related expenses that your employer did not reimburse you for, union dues, cost of purchasing or cleaning uniforms, job-related education, and professional development, job-related travel, home office expenses, tax preparation fees, investment fees and expenses (such as IRA custodial fees and annual brokerage fees),safe deposit box fees, gambling losses (only to the extent of gambling winnings).

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