March Tax Checklist

This Last minute checklist of tax deductible items of expenditure are provided to help you cope with the time pressures of being able to get your return prepared on time. The general list of some of the most popular items follows:

1. State income taxes
2. Real estate taxes
3. Personal property
4. Home mortgage interest
5. Charitable contributions
6. Casualty losses
7. Theft losses
8. Tax return fees
9. A safe deposit box used to store investments
10. Work clothes not suitable for normal wear
11. Expenses related to tax planning
12. Expenses related to investments
13. Professional dues
14. Union dues
15. Certain non reimbursed employee expenses
16. Subscriptions to professional magazines
17. Continuing professional education
18. Occupational licensing fees
19. A College professor’s research expenses
20. Job hunting costs
21. Medical exams required by employer
22. Depreciation on equipment used for your job
23. Fees to collect interest and/ or dividends
24. Travel related to managing your investments
25 Legal fees for collecting taxable income
26. Legal fees for keeping a job
27. Trust administration fees
28. Medical Bills

This Journalist holds a Master’s Degree in Taxation and is Licensed to Represent Taxpayers before the I.R.S. E-mail: dnrmba@aol.com