Personal Deduction Check List

Palm

Here is my tax deduction checklist, and some of the documentation you should be looking for when preparing your taxes (2018 and later):

  • Penalties for early withdrawal of savings
  • Alimony paid
  • Student loan interest
  • Prescription eyeglasses, contacts, and hearing aids
  • Crutches, canes, and orthopedic shoes
  • Medical transportation costs
  • Cost of alcohol or drug abuse treatments
  • Charitable contributions
  • State income taxes
  • Personal property taxes (limited in 2018)
  • Real estate taxes (limited in 2018)
  • Points paid for a new mortgage or for refinancing a home (limited in 2018)
  • Unreimbursed employee business expenses (eliminated starting 2018)
  • Copies of 1099, 1098, Social Security Annual Statement (SSA-1099) and W2
  • Mileage and other expenses associated with volunteer work
  • Casualty and theft losses (suspended starting 2018)
  • Mortgage interest statement (limited in 2018)
  • ACA (Affordable Care Act / Obamacare) Form(s) 1095
  • Tax preparation fees  (eliminated starting 2018)
  • Safe deposit box fees  (eliminated starting 2018)
  • Job search expenses   (eliminated starting 2018)