Increase your refunds-Deductions
A tax deduction is a financial allowance that reduces a person's or entity's taxable income, thereby lowering the amount of income subject to taxation and potentially decreasing the overall tax liability.
-
Home & Vehicle
Forms 1098 or other mortgage interest statements
Real estate and personal property tax records
Receipts for energy-saving home improvements (e.g., solar panels, solar water heater)
Electric vehicle information
All other 1098 series forms
-
Charitable Donations
Cash amounts donated to houses of worship, schools, other charitable organizations
Records of non-cash charitable donations
Amounts of miles driven for charitable or medical purposes
-
Health Insurance & Medical Expenses
Form 1095-A if you enrolled in an insurance plan through the Marketplace (Exchange)
Amounts paid for healthcare, insurance, and to doctors, dentists, and hospitals
Amounts paid for qualified insurance premiums if paid outside of the Marketplace or an employer provided plan
-
Childcare Expenses
Fees paid to a licensed day care center or family day care for care of an infant or preschooler
Amounts paid to a baby-sitter or provider care of your child under age 13 while you work
Expenses paid through a dependent care flexible spending account at work
-
K-12 Educator and Educational Expenses
Receipts for classroom expenses (for educators in grades K-12)
Forms 1098-T from educational institutions
Receipts that itemize qualified educational expenses
Records of any scholarships or fellowships you received
Form 1098-E if you paid student loan interest
-
State & Local Taxes
Amount of state and local income or sales tax paid (other than wage withholding)
Invoice showing amount of vehicle sales tax paid and / or personal property tax on vehicles
-
Retirement & Other Savings
Form 5498-SA showing HSA contributions
Form 5498 showing IRA contributions
All other 5498 series forms (5498-QA, 5498-ESA)
-
Federally Declared Disaster
City/county you lived/worked/had property in
Records to support property losses (appraisal, clean-up costs, etc.)
Records of rebuilding/repair costs
Insurance reimbursements/claims to be paid
FEMA assistance information
Check the FEMA website to see if your county has been declared a federal disaster area