Should you itemize your deductions or to use the standard deduction? E & K Tax Service can help you decide. Sometimes the standard deduction will get you the best refund, but don’t miss out on a bigger refund using itemized deductions if you qualify.
Some area of expenses, taxes, and contributions that may be deductible as Itemized Deductions are:
- Medical and Dental Expenses above certain limits
- Deductible Taxes including sales taxes, property taxes, and qualified automobile taxes.
- Home Mortgage Points associated with buying a home
- Interest Expense like home mortgage interest
- Charitable Contributions including gifts to your church or synagogue
- Miscellaneous Expenses
- Business Use of Home
- Business Use of Car Topic
- Business Travel Expenses
- Business Entertainment Expenses
- Educational Expenses
- Employee Business Expenses
- Casualty, Disaster, and Theft Losses (Including Federally Declared Disaster Areas)
