How to Get a Higher Tax Refund Using Your Deductions

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Looking for ways to get a higher tax return? Don’t forget to check out the different deductions that you may qualify for. Here is a list of items that you may be able to claim a deduction. Check with your Tax Preparer to find out if you qualify!

-Acquisition debt.
-Acupuncture.
-Additional Child Tax Credit-for 3 or more children.
-Adoption Credit.
-Adjusted Gross Income.

-Aircraft.

-Alcoholism.

-Alimony.

-Animals-guide dogs.

-Appraisal Fees for casualty and theft losses.

-Appraisal Fees for donated property.

-Appreciated Property-donating appreciated property such as stocks etc.

-Armed Forces reservists.

-Artificial Limbs.

-Assisted Living-entrance fee and monthly or annual fees.

-Automobiles-business, charity.

-Bargain sales to charity.

-Benefits received for donations.

-BIRTH CONTROL PILLS.

-Blind- expenses for the legally blind.

-Blood Sugar test kits for diabetes.

-Blood Transfusions.

-Boats purchased in 2008.

-Braille books and magazines.

-Breast Reconstruction Surgery following a mastectomy.

-Business bad debt.

-Capital Loss Carryover-Investment losses.

-Cell phones service for businesses.

-Charity.

-Child Support.

-Child Birth Classes.

-Chiropractor.

-College.

-Company Cars.

-Computer used for business.

-Contact Lenses.

-Cosmetic Surgery that is necessary.

-Coverdell EDU savings accounts.

-Crutches.

-Death of a Dependant.

-Dental Treatment.

-Dependent Credit.

-Driving to Doctors-19-27 cents per mile depending on the month.

-Drug addiction treatment.

-Dues to professional services.

-Earned Income.

-Economic Stimulus payments.

-Education.

-Elderly or Disabled Credit.

-Employment-agency fees and other costs looking for a job.

-Energy saving home improvements.

-Entertainment of Clients.

-Exchange Students-deduct $50 amount as a charitable contribution.

-Eyeglasses-deduct the cost of glasses and exams.

-Fertility treatments.

-First Home Credit.

-Flexible Spending Account.

-Fundraiser hosting costs.

-Gambling Losses.

-Guide Dogs.

-Head of Household.

-Health Savings Account.

-Hearing Aid.

-Home Building materials.

-Home equity debt.

-Home office expenses.

-Home Improvement.

-Hospitalization.

-Household employees-Caregiver or Housekeeper.

-Hybrid and Diesel vehicle credit.

-Incentive Stock Program.

-Individual 401k.

-Insurance.

-Investment advice.

-Investment Interest.

-IRA’s.

-Job Hunting Costs.

-Job related costs and education.

-Jury duty pay repaid to employer.

-Keogh Plans.

-Kidney Donor.

-Lasik.

-Laundry and dry cleaning expenses for uniforms.

-Lead Base

-Legal Fees that are job related.

-Long-term care insurance.

-Loss on IRA.

-Loan Prepayment Penalties.

-Luxury Car-Passport that is acquired  for a job related trip.

-Performance Artists for struggling artists.

-Personal Property tax.

-Points.

-Prepaid tuition plans.

-Prizes and awards.

-Property taxes.

-Psychoanalysis.

-Psychologist.

-Reverse Mortgage.

-Roth IRA.

-Safe-Deposit Fees.

-Sales Tax on Leased Vehicles.

-Scholarships.

-Seeing Eye Dogs.

-Sterilization-operation including vasectomy.

-Stop-smoking program.

-Student Loan Interest.

-Subscriptions to trade magazines.

-Swimming Pools if medical necessity.

-Tax Preparation fees.

-Tax Rebates.

-Tools.

-Travel with business.

-Tuition.

-Underpayment penalty.

-Uniforms.

-Union dues.

-Vacation Home.

-Vasectomy.

-Vehicle Donations.

-Vehicle Expenses for your job.

-Vehicle Registration Fees.

-Vision Correction/Lasik.

-Weight-Loss Program if recommended by your doctor.

-Wheelchair.

If you have any questions at all about what you can or can’t claim, make sure you contact the IRS. You can also visit their website at www.irs.gov to learn more information and to get the filing forms that you need.

*  Always keep your receipts.
*  Talk to your tax preparer to find out what you can and can’t claim
*  If you are going to file your own taxes, call the IRS if you have any questions.
*  You should itemize deductions if your total deductions are more than the standard deduction amount.

*  The deductions are very specific and have certain criteria. Read them over carefully.

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