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Easily overlooked deductions continued |
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• Impairment-related work expenses for a disabled individual • Investment advisory fees • IRA trustee's administrative fees billed separately • Lead paint removal • Legal abortion expenses • Margin account interest expense • Legal fees incurred in connection with obtaining or collecting alimony • Medical transportation, including standard mileage deduction and lodging expenses incurred for medical reasons while away from home • Mortgage prepayment penalties and late fees • Out-of-pocket expenses relating to charitable activities, including the standard mileage deduction • Part of health insurance premiums if self-employed • Penalty on early withdrawal of savings • Personal liability insurance for wrongful acts as an employee • Points on a home mortgage and certain refinancings • Protective clothing required at work • Real estate taxes associated with the purchase or sale of property • 50% of self-employment tax • Seller-paid points on the purchase of a home • Special equipment for the disabled • Special schools and separately stated fees for medical care included in tuition • State personal property taxes on cars and boats • Subscriptions to professional journals • Theft or embezzlement losses • Trade r business tools with life of 1 year or less • Worthless stock or securities |
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E-Mail Halliday@hallidaycpa.com |
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This web page offers factual and up-to-date information on the subjects discussed, but should not be regarded as a complete analysis of these subjects. No party assumes liability for any loss or damage resulting from reliance or use of this material. |
