These deductions are not related to an artistic profession and can be taken regardless of your profession. Please be aware that most of the deductions listed below either have income limitations or can only be taken if you choose to itemize. While this list does cover all the common deductions, it does not cover every potential deduction, nor does it cover tax credits. For more details, feel free to contact me to set up an appointment.
NOTE: THIS PAGE ONLY ADDRESSES DEDUCTIONS FOR FEDERAL TAX RETURNS AND NOT STATE TAX RETURNS. BECAUSE STATE TAX RETURNS VARY SIGNIFICANTLY FROM STATE TO STATE, BE SURE TO CHECK WITH YOUR LOCAL DEPARTMENT OF REVENUE.
* Denotes Itemized Deduction
+ Denotes Income Limitation
NOTE: Medical Expenses can only be applied if they equal more than 10% of your adjusted gross income (7.5% after 2017) and you choose to itemize. See Pub. 502 for more details.
-Health Insurance Premiums
-Out of Pocket Expenses
-Glasses or Contacts
-Nursing Home Care
-Non-Prescription Drugs (EXCEPT Insulin)
-Health/Fitness Club Dues
-Personal Use Items