Itemized Deductions and Standard Deductions
Top Frequently Asked Questions for Itemized Deductions and Standard Deductions
- What types of work-related educational expenses are deductible?
- Am I eligible to claim both my job-related education expenses (minus 2% of AGI) and the Lifetime Learning Credit on my tax return?
- How do I claim an educational expense on my return?
- I donated a used car to a qualified charity that the charity sold after I donated it. I itemize my deductions, and I would like to take a charitable contribution deduction for the donation. Do I need to attach any special forms to my return? What records do I need to keep?
- Can I deduct separate maintenance paid to my spouse or alimony paid to my former spouse?
- Is interest on a home equity line of credit deductible as a second mortgage?
- Is the mortgage interest and property tax on a second residence deductible?
- I am in a disaster area and heard the IRS could help me. What can the IRS do?