Noncash Charitable Contributions and Contributions over $500
Enter your contributions of property. If you gave used items, such as clothing or furniture, deduct their fair market value at the time you gave them. Fair market value is what a willing buyer would pay a willing seller when neither has to buy or sell and both are aware of the conditions of the sale. For more details on determining the value of donated property, see Pub. 561. If the amount of [...]
Moving Expenses
You will find the moving expense is entered in the program under the ADJUSTMENTS tab. The program will then generate the form 3903 for you as part of your tax return. Moving expense deduction suspended, except for certain Armed Forces members. Beginning in 2018, as part of a provision contained in the Tax Cuts and Jobs Act of 2017, the moving expense deduction for tax years after December 31, [...]
Medical and Dental Expenses
If you itemize your deductions on Form 1040, Schedule A (PDF), you may be able to deduct expenses you paid that year for medical care (including dental) for yourself, your spouse, and your dependents. A deduction is allowed only for expenses paid for the prevention or alleviation of a physical or mental defect or illness. Medical care expenses include payments for the diagnosis, cure, mitigation, [...]
Married Filing Separate
If you are married and file a separate return, you will usually pay more tax than if you file a joint return. To file separate, you report only your own income, exemptions, deductions, and credits. You are disqualified from the student loan interest deduction, the education credits, or the earned income credit. You also cannot take the standard deduction if your spouse itemizes deductions. [...]
Itemizing Other Taxes
Do Not Deduct: Federal income and excise taxes Social security, Medicare, Federal unemployment (FUTA), and railroad retirement (RRTA) taxes Customs duties Federal estate and gift taxes Certain state and local taxes, including: sales tax, tax on gasoline, car inspection fees, assessments for sidewalks or other improvements to your property, tax you paid for someone else, and license fees [...]
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Saint Joseph, MO 64501