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Don't Miss the Ball on These Deductions
- Student loan interest
- Penalty for early withdrawal of savings
- Alimony
- Charitable contributions-cash, property, and donated clothing or household items
- State and local income taxes and personal property taxes
- Points paid for mortgage or refinancing
- Mileage and other expenses associated with volunteer work
- One-half of self-employment tax
- Casualty and theft losses
- Income tax preparation fees*
- Job search expenses*
- Investment expenses*
- Unreimbursed employee business expenses*
- Prescription eyeglasses, contacts, and hearing aids**
- Crutches, canes, and orthopedic shoes**
- Medical transportation**
- Cost of alcohol or drug abuse treatment**
*Deductible as miscellaneous itemized deductions to the extent the total exceeds 2% of AGI.
**Deductible to the extent the total of all medical and dental expenses exceeds 7.5% of AGI.
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501-374-9241 877-374-9241 Fax 501-374-9042
615 Main Street, North Little Rock, Arkansas, 72114-5397
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