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Fox Tax 2017

Sch A Deductions

2016 is the last year seniors may deduct 7.5% of AGI from medical deductions. All others it is 10%.

MEDICAL EXPENSES:
 
Medical Miles Driven
Medical Insurance Premiums
Dental Insurance Premiums
Long Care Health Care Contracts
Prescription drugs / Insulin
Doctors / Therapists
Dental / Denture / Braces
Eye Glasses
Qualifying Equipment per Doctor
Lab X-Ray
Special Needs Children Expenses
Orthopedic Shoes
Canes / Crutches / Braces
Wheelchairs
Nursing Help
 
Total of Above MEDICAL EXPENSES
Deduct 10.0% of AGI from above
 
NET Medical expenses
 
 
TAXES
 
Real Estate Taxes on Home
Real Estate Taxes on Second Home/Condo
Property Taxes on Land
 
Total of Above TAXES
 
INTEREST
 
Home Mortgage Interest Paid
Home Points Paid
Qualified Mtg Insurance Premiums
Investment Interest
 
Total of above INTEREST
 
GIFTS TO CHARITY
 
Cash Gifts
Other than Cash
(Note: If non cash donations exceed $500, and itemized list and receipts are required)
Chairitable miles driven.
 
Total of above Cash and Non Cash Donations
 
CASUALTY & THEFT LOSSES
 
Total from Form 4684
 
JOB EXPENSES / MISC
 
Unreimbursed Employee Expenses
Union Dues
Education (not reported on 8863)
Job Travel
Tax Preparation Fees
Investment, Safety Deposit Box
 
Total of above MISC
Deduct 2% of AGI from above
 
NET Job Expenses / Misc
 
TOTAL OF ALL AMOUNTS IN RED
(Note: Use above total if amount exceeds the standard deduction for your filing status)
 
 
 
 
 
 
 
 

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