Personal & Business Tax Deductible Items - CityLife Insurance & Tax Services LLC

Personal Expenses:
Tax preparation fees
Hobby expenses
Personal legal bills
Education expenses
Charitable miles
Charitable contributions
Retirement savings contribution credits
Time share property taxes
State income taxes
Early savings withdrawal penalties
Medicare part B & D premiums
Breastfeeding equipment & pumps
Financial planning management expenses
Elderly & disabled credits
Schedule A Expenses-Standard Deductions:
State & local taxes
Mortgage interest & real estate property taxes
Personal property taxes such as car or boat sale taxes
Casualty & theft loss from fire, burglary or natural disaster that insurance did not cover
Medical or dental expenses or payments for health insurance
Contributions to charities or charity gifts, non-cash gift of over $500
Personal car or truck expenses for a job or any other job-related expenses that were not reimbursed.
Union dues or purchase of work uniforms
Tax preparation fees last year
Safe deposit box fees last year
Schedule C Expenses-Business Deductions:
Advertising & promotion
Books & publications
Dues & fees
Education & research
Equipment & supplies
Home office
Internet
Meals & entertainment
Telephone charges
Travel & transportation
Uniforms & gears
Miscellaneous
Gifts
Passport
Postage
Office supplies
Printing & copying
Legal & professional services
Business liability insurance
Business loan interest
Self employed health insurance
Commissions & fees
KEOGH & SEP contributions
Rental of business property
Office rent & utilities
Repairs & maintenance
Business taxes & licenses
Dry cleaning costs for business trips