March 14, 2008, Newsletter Issue #107: List of Deductible Items

Tip of the Week

It is in your best interest to itemize your federal tax deductions and state tax deductions (if any) to net the largest tax cut you can. The IRS has a handful of publications that identify deductible items, including among others Publication 529, Miscellaneous Deductions; Publication 936, Home Mortgage Interest Deductions; Publication 502, Medical and Dental Expenses; and Publication 503, Child and Dependent Care Expenses. There are also publications devoted specifically to business tax deductions, including Publication 535, Business Expenses. For a complete list of forms and publications that address these and other topics regarding deductible items, visit the Topical Index to IRS Forms and Publications on the IRS' Web site.

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