Latest Lists

I am thinking about filing the long form. How and where can I find a list of tax deductible expenses?

I am mainly inquiring about home building expenses, but I heard that you can also deduct groceries and clothing and all kinds of other personal expenses if you are not taking the standard deduction.

Public Comments

1. You heard wrong. As a generalization, if you are not buying a house, you will not use the long form.
2. Go to irs.gov and read all about it.
3. Um, you can not deduct those items, unfortunately... Here is what you CAN deduct... The following topics are found in the category of Itemized Deductions. Each topic is followed by a corresponding number. To access your topic, select the three–digit number. Should I Itemize? Topic 501 Medical and Dental Expenses Topic 502 Deductible Taxes Topic 503 Home Mortgage Points Topic 504 Interest Expense Topic 505 Contributions Topic 506 Casualty and Theft Losses Topic 507 Miscellaneous Expenses Topic 508 Business Use of Home Topic 509 Business Use of Car Topic 510 Business Travel Expenses Topic 511 Business Entertainment Expenses Topic 512 Educational Expenses Topic 513 Employee Business Expenses Topic 514 Casualty, Disaster, and Theft Losses Topic 515 Go here http://www.irs.gov/taxtopics/tc500.html for more information and more details!
4. You heard incorrectly. NONE of the items you have mentioned are deductible expenses. Get yourself a copy of Schedule A and the accompanying instructions for a summary list of the types of expenses which you can use for personal income tax deductions.
5. You can find the deduction info in the instructions for form 1040 schedule A. Not to stick a pin in your balloon, but what you've heard isn't even close to right.