INCOME

ITEMIZED DEDUCTIONS

MISC EXPENSES*

ALL W‐2 and 1099 Forms

MEDICAL

Included in this category are

Dividends

deductible if they exceed

Sales of Stock

Out of pocket medical after

2% of adjusted gross income

Social Security

7.5% of adjusted gross income

Union Dues

Unemployment

Medical Insurance

Uniforms

Pension, IRA, Annuities

Long term care insurance

Professional Dues

Self Employment

Dental insurance

Equipment and Tools

Rental and Royalty

Vision insurance

Safety and Gear

Partnership

Doctor and Dental Bills

Tax Prep

C‐Corp and S‐Corp

Eyeglasses, Contacts, Exams

Business Mileage .51 (1/1 thru 6/30)

Estates and Trust

Prescriptions

55.5 per mile (7/1 thru12/31)

Gambling Winnings

Medical Supplies ie crutches, wheel chair

Cell Phone Expense

Alimony Received

Qualified Home Improvements

Safe Deposit Box

Sales of Property

Medical Mileage .19 (1/1 thru 6/30)

Investment Advice

Sales of Residence

23.5 per mile (7/1 thru 12/31)

Qualified Meals

**Child Support

TAXES

Qualified Entertainment

**Workmens Comp.

Real Estate Taxes

Qualified Job Search

**FIA Cash Benefits

License Plates Fees

Job Hunting Expenses

**not taxable, needed

Primary Residence

when seeking new job in

to figure state credits

Second Home

same line of work,ie

Vacant Property

Expenses include travel

ADJUSTMENTS AND CREDITS

Rental Home

cost resume,agency fees…etc

State Sales Tax *

Educator Expenses

qualified deductions*

Energy Efficient Home

Moving Expenses

IRS has reinstated the

Alimony Paid

CHARITABLE DONATIONS

residential energy credits for

IRA Contributions

2011 tax year. Qualifying

Student Loan Interest

Cash Credit Cards or Check with receipts

improvements include:

Child Care Expense

Noncash (clothing etc)*

insulation, exterior windows,

College Tuition, Books

*Dates purchased/donated needed

exterior doors, water heater,

One‐Half Self‐Employment Tax

if donation is more than $500

heat pumps, furnances, water

HAS Contribution

Churches, Non‐Profit Organizations

boilers, central air and certain

Volunteer Miles Driven .14 per mile

metal and asphalt roofs.

LOSSES

INTEREST

**Gambling

(Deductible only to the extent

Mortgage

of winnings claimed as income.

Equity Loans

Losses include losing lotto

Second Homes

printouts from casino).

Include RV and Boat

*Casualty i.e. fire, theft, flood

interest

*Must exceed 10% of AGI plus

Investment

100.00 to be deductible.