Tax deductions you can itemize
- Mortgage interest of $750,000 or less.
- Mortgage interest of $1 million or less if incurred before Dec. ...
- Charitable contributions.
- Medical and dental expenses (over 7.5% of AGI)
- State and local income, sales, and personal property taxes up to $10,000.
- Gambling losses17.
What can be included in itemized deductions?
Itemized deductions include amounts you paid for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest, and disaster losses from a Federally declared disaster. You may also include gifts to charity and part of the amount you paid for medical and dental expenses.
What itemized deductions can I claim in 2019?
What are the Itemized Deductions You Can Claim?
- Deductible Medical Expenses. While medical costs can get pretty expensive, there is good news. ...
- Interest Deduction. Own a home? ...
- Other Homeowner Deductions: State and Local Tax (SALT) Deductions. ...
- Charitable Deductions. ...
- Casualty Loss Deduction. ...
- Other Itemized Deductions.
