Comments on: Personal income tax return deductions? http://www.whatcanideductonmytaxes.com/personal-income-tax-return-deductions.php Personal income tax deductions explained. Mon, 07 Feb 2011 18:14:50 +0000 hourly 1 http://wordpress.org/?v=3.1 By: SCH http://www.whatcanideductonmytaxes.com/personal-income-tax-return-deductions.php/comment-page-1#comment-189 SCH Thu, 08 Jul 2010 04:41:33 +0000 http://www.whatcanideductonmytaxes.com/personal-income-tax-return-deductions.php#comment-189 Interest income ant tips (gratuities) would not be considered a deduction because they are income (you must claim them as such). Deductions include (but are not limited to) Med expenses, child care, interest paid on a mortgage of your home, contributions made to charity, unreimbursed moving expenses, work related expenses (such as mileage traveled that is not reimbursed by your employer, clothing purchased that has no other use but for work--ie uniforms emblazoned with employer logo), there are many others... Check www.irs.gov and I am sure you could find a comprehensive list! Interest income ant tips (gratuities) would not be considered a deduction because they are income (you must claim them as such).

Deductions include (but are not limited to) Med expenses, child care, interest paid on a mortgage of your home, contributions made to charity, unreimbursed moving expenses, work related expenses (such as mileage traveled that is not reimbursed by your employer, clothing purchased that has no other use but for work–ie uniforms emblazoned with employer logo), there are many others…

Check http://www.irs.gov and I am sure you could find a comprehensive list!

]]> By: Zzyzx http://www.whatcanideductonmytaxes.com/personal-income-tax-return-deductions.php/comment-page-1#comment-190 Zzyzx Thu, 08 Jul 2010 04:41:33 +0000 http://www.whatcanideductonmytaxes.com/personal-income-tax-return-deductions.php#comment-190 Need more info here. Interest income is taxable. So are tips. Mediacal expenses are deductable if you A) Itemize B) They are MORE then 7.5% of your gross income. Need more info here.

Interest income is taxable.
So are tips.

Mediacal expenses are deductable if you
A) Itemize
B) They are MORE then 7.5% of your gross income.

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