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 What expenses are tax deductible?

What expenses are tax deductible?

Some examples of tax deductibles expenses are:

✔️ Charitable contributions: remember the new law lets you deduct $300 for cash charitable deductions if you claim the standard deduction ($600 for joint filers).

✔️ Medical expenses: the IRS lets you deduct medical expenses that are more than 7.5% of your taxable income (ex: copayments for appointments with medical professionals or dentists, prescription drugs, contacts or eyeglasses, and health insurance premiums (paid for with after-tax dollars and not reimbursed by your employer).

✔️ State and local taxes.

✔️ Mortgage interests.

✔️ Home Office deduction.

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