What kinds of deductions can I take?

What kinds of deductions can I take?

IRS 2018 Deductions:

Work Related Deductions

• Deductible Business Expenses

• Standard Mileage Rates

• Home Office

• Business Use of a Car

• Business Travel Expenses

• Bad Debt

• Business Entertainment Expenses

• Depreciation and Amortization

Itemized Deductions

• Standard Deduction

• Deductible Taxes

• Property Tax

• Real Estate Tax

• Sales Tax

• Charitable Contributions

• Gambling Loss

• Miscellaneous Expenses

• Interest Expense

• Home Mortgage Interest

• Union/Club Expenses

• Moving Expenses

Education Deductions

• Student Loan Interest

• Tuition and Fees Deduction

• Work-Related Educational Expenses

• Teacher Educational Expenses

Health Care Deductions

• Medical and Dental Expenses

• Health Savings Account (HSA)

Investment Related Deductions

• Sale of Home

• Individual Retirement Arrangements (IRAs)

• Capital Losses

Contact Landmark Tax if you have any questions about Personal Income Taxes