Question by  VivekRathee (103)

What are some common itemized tax deductions?

I'm trying to teach a class.


Answer by  turkishtowel (455)

Common itemized tax deductions include real estate taxes, bank interest on real estate loans, medical expenses (including mileage to and from a doctor's office), charitable contributions (if of a sufficient threshold percentage of the tax payer's income is reached), education expenses, home energy improvements, business expenses, student loan interest, and more.


Answer by  DiegosMom (66)

Health payments are a common itemized tax deductions. Any amount paid toward health insurance that is paid after taxes are taken out can be deducted, along with any co-pays, co-insurance, perscripions and also mileage to and from doctor and dentist appoinments can be claimed. Also eye care and eyeglasses can be deducted.

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