ITEMIZED DEDUCTIONS
An itemized deduction is an eligible expense that individual taxpayers in the United States can report on their federal income tax returns in order to decrease their taxable income.
Taxes You Paid
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State and local income taxes or general sales tax
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Foreign income tax
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Estimated tax payments
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Prior year's state and local income tax you paid during the tax year (do not include penalties).
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Disability insurance tax (some states)
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Occupational taxes
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Real estate tax (state, local or foreign).
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Personal property taxes based on value. This includes auto registration or licensing fees.
Interest You Paid
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Mortgage interest
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Late payment charge on mortgage payment
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Mortgage prepayment penalties
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Points on principal residence financing
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Mortgage insurance premiums
Gifts to Charity
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Charitable contributions (cash and non-cash) made to qualified U.S. charities.
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Mileage to donate goods to charity or to perform charitable services.
Other Expenses
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Casualty and theft Losses
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Investment expenses:
Fees for tax return preparation
Investment counsel and advisory fees
Certain legal fees
Safe deposit box rental
Interest on margin accounts
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