Other miscellaneous tax deductions-union dues, unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.) (for tax years prior to 2018 only for federal returns but your state might still allow it).Casualty and theft losses-amount of damage, insurance reimbursements.Charitable donations-cash amounts and value of donated property, miles driven, and out-of-pocket expenses.Home mortgage interest and points you paid-Forms 1098.Adoption costs-SSN of child, legal, medical, and transportation costs.Education costs-forms 1098-T, education expenses.Childcare costs-provider's name, address, tax id, and amount paid.You'll need the following documentation to make sure you get all the deductions and credits you deserve. The government offers a number of deductions and credits to help lower the tax burden on individuals, which means more money in your pocket. Alimony paid that is tax deductible (applicable to divorces finalized before January 1, 2019).Keogh, SEP, SIMPLE and other self-employed pension plans.Self-employed health insurance premium payments.Moving expenses (for tax years prior to 2018 unless you're military and for states that still allow it).Health Savings Account (HSA) contributions.The following can help reduce the amount of your income that is taxed, which can increase your tax refund or lower the amount you owe. Using a program or app to track your finances is much easier than going through your checks and bank statements for the entire year. Other miscellaneous income-jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.Prior year installment sale information- Forms 6252, principal and Interest collected during the year, SSN and address of payer.Income from sales of property-original cost and cost of improvements, escrow closing statement, cancelled debt information ( Form 1099-C).Social Security benefits-forms SSA-1099.Rental property income/expense-profit/loss statement, rental property suspended loss information.If you use your home for business-home size, office size, home expenses, office expenses.Business or farming income-profit/loss statement, capital equipment information.Taxable alimony received (applicable to divorces finalized before January 1, 2019).Income from state and local income tax refunds and/or unemployment: forms 1099-G.
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