Best Answer

Medical and dental expense greater than 7.5% of your adjusted gross income; Interest payments on your Home mortgage; property taxes for your home and car; charitiable giving; and certain unreimbursed business expenses. Generally if you do not have very large medical bills or own a home, then you probably are better off taking the standard deduction.

User Avatar

Wiki User

โˆ™ 2006-09-02 23:29:31
This answer is:
User Avatar
Study guides

US Civil War

20 cards

Why were poll taxes created

What is a graduated income tax

What sparked the beginning of the Civil War

When Abraham Lincoln was elected president what was the result for the southern states

See all cards
96 Reviews

Add your answer:

Earn +20 pts
Q: What can you itemize on your taxes?
Write your answer...
Still have questions?
magnify glass
Related questions

If I don't itemize can I still claim per diem I am a OTR driver?

Apparently not. We just got our taxes done and they said we had to itemize. GRRR... Hope that helps.

Is it possible to claim your property taxes if making below 10000.00?

Sure. If you itemize you can claim your full property taxes. And this is new for 2008: If you don't itemize, you can claim $500 of property taxes ($1000 if married filing jointly). See the instructions for line 40 of 2008 Form 1040.

Tell me the truth about interest payment deductions on filing taxes?

If you itemize, you can deduct mortgage interest and investment interest.

What is hr online taxes?

Hr online is a site where you can file your taxes online, you can trust that your personal information will be safe, and you can learn how to itemize your deductions, without having complications from the IRS.

Should you file standard deduction or ez file to do your taxes?

You should only itemize if you have some deductions you can claim-are a homeowner for example.

Can you claim taxes of grocery receipts?

If you itemize deductions on your federal income tax return, you have the choice of claiming a deduction either for state income taxes or state sales taxes (but not both). Sales taxes would include those for groceries. Note that this is a deduction, not a refund or credit.

Can I use a 1040x form if I itemize deductions?

You can use a 1040 form if you itemize deducations. If you don't itemize you'll use the 1040EZ form.

How do you use the word itemize in a sentence?

The teacher keeps an itemize of our test scores.

How do you use itemize in a sentence?

The principal of LSU itemize the records of all the students.

Can NYC tax withholding be claimed on my tax returns?

If you itemize on your federal income tax return, City and State income taxes paid are deductible on your return.

How do you write off charity donations on your taxes?

If you would like to write off charity donations on your taxes be sure you have all receipts and a flawless record of your donations. When you file your taxes itemize the deductions on the appropriate page. If you are unsure how to fill out a tax form get help from a tax professional.

What is the verb of item?

to itemize.

People also asked