After you have figured your adjusted gross income, you are ready to subtract the deductions used to figure taxable income. You can subtract either the standard deduction or itemized deductions. Itemized deductions are deductions for certain expenses that are listed on Schedule A (Form 1040). The ten chapters in this part discuss the standard deduction, each itemized deduction, and the limit on some of your itemized deductions if your adjusted gross income exceeds certain amounts. See chapter 20 for the factors to consider when deciding whether to subtract the standard deduction or itemized deductions.
Table of Contents
- 20. Standard Deduction
- 21.
Medical and Dental Expenses
- What's New
- Reminders
- Introduction
- Useful Items - You may want to see:
- What Are Medical Expenses?
- What Expenses Can You Include This Year?
- How Much of the Expenses Can You Deduct?
- Whose Medical Expenses Can You Include?
- What Medical Expenses Are Includible?
- How Do You Treat Reimbursements?
- Damages for Personal Injuries
- How Do You Figure and Report the Deduction on Your Tax Return?
- Impairment-Related Work Expenses
- Health Insurance Costs for Self-Employed Persons
- 22. Taxes
- 23. Interest Expense
- 24.
Contributions
- What's New
- Reminders
- Introduction
- Useful Items - You may want to see:
- Organizations That Qualify To Receive Deductible Contributions
- Contributions You Can Deduct
- Contributions You Cannot Deduct
- Contributions of Property
- Exception.
- Household items.
- Form 1098-C.
- Exception 1—vehicle used or improved by organization.
- Exception 2—vehicle given or sold to needy individual.
- Right to use property.
- Tangible personal property.
- Future interest.
- Determining Fair Market Value
- Giving Property That Has Decreased in Value
- Giving Property That Has Increased in Value
- When To Deduct
- Limits on Deductions
- Records To Keep
- How To Report
- 25. Nonbusiness Casualty and Theft Losses
- 26. Car Expenses and Other Employee Business Expenses
- 27. Tax Benefits for Work-Related Education
- 28. Miscellaneous Deductions
- 29. Limit on Itemized Deductions
More Online Publications |