How do I itemize medical and dental expenses?
You can deduct only the part of your medical and dental expenses that exceeds 7.5% of the amount of your adjusted gross income on Form 1040 or 1040-SR. Select the "Deductions" tab, choose to enter itemized deductions. Select START at Medical and Dental Expenses. Select "Add a New" to make your entry. Pub. 502 discusses the types of expenses you can and cannot deduct. It also explains when you [...]
How do I claim out-of-pocket expenses and travel for charitable contributions?
Car Expenses You can deduct unreimbursed out-of-pocket expenses, such as the cost of gas and oil, that are directly related to the use of your car in giving services to a charitable organization. You cannot deduct general repair and maintenance expenses, depreciation, registration fees, or the costs of tires or insurance. If you do not want to deduct your actual expenses, you can use a standard [...]
Do I need to file a South Dakota state tax return?
South Dakota does not require a State Income Tax Return for Individual Taxpayers. There are 9 states that do not require a state individual tax returns to be filed. If you live in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you only need to file your Federal Return with the IRS. Note: Tennessee and New Hampshire do have dividend and interest [...]
Do I have to file Form 8283 for non-cash charitable contributions?
You must file one or more Forms 8283 if the amount of your deduction for each noncash contribution is more than $500. You must also file Form 8283 if you have a group of similar items for which a total deduction of over $500 is claimed. See Similar Items of Property, later. For this purpose, “amount of your deduction” means your deduction before applying any income limits that could [...]
What contributions are deductible?
Charitable contributions are deductible only if you itemize deductions on Form 1040, Schedule A (PDF). To be deductible, charitable contributions must be made to qualified organizations. Payments to individuals are never deductible. See Publication 526, Charitable Contributions. To determine if the organization that you have contributed to qualifies as a charitable organization for income tax [...]
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