Please list everything Turbo Tax says an average individual (married) can itemize. Thanks!
2007-03-08 08:03:02 · 5 answers · asked by Charlie L 2 in Business & Finance ➔ Taxes ➔ United States
What about the following I've heard: dry cleaners, baby expenses, large ticket items (how large though?), etc....
2007-03-08 08:19:46 · update #1
Medical Expenses
Property Taxes (Real and Personal)
State Income Taxes
Home Mortgage Interest
Charitable Contributions
Unreimbursed Employee Expenses
For 99+% of people, the mortgage interest is usually the biggest so, unless you own a home and have a mortgage, you probably won't have enough to itemize.
2007-03-08 08:10:41 · answer #1 · answered by Wayne Z 7 · 1⤊ 0⤋
It doesn't matter what Turbo Tax says, deductions are determined by tax law. "large ticket items" are not deductible. Dry cleaning is only deductible if the items being cleaned of work cloths that are not suitable to ware outside of work.
2007-03-08 18:54:16 · answer #2 · answered by STEVEN F 7 · 0⤊ 1⤋
see IRS Schedule A+B - part A is Itemized Deductions.
2007-03-08 16:27:59 · answer #3 · answered by RichManPoorMan 2 · 0⤊ 0⤋
Yes, you can itemize. House, taxes, health insurance, business expenses. All the usual stuff.
2007-03-08 16:07:53 · answer #4 · answered by hirebookkeeper 6 · 0⤊ 1⤋
You can itemize anything the IRS code allows.
2007-03-08 16:09:20 · answer #5 · answered by SDD 7 · 0⤊ 0⤋