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Itemized Deductions and Standard Deductions

Itemized Deductions and Standard Deductions

Top Frequently Asked Questions for Itemized Deductions and Standard Deductions

  1. What types of work-related educational expenses are deductible?
  2. Am I eligible to claim both my job-related education expenses (minus 2% of AGI) and the Lifetime Learning Credit on my tax return?
  3. How do I claim an educational expense on my return?
  4. 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?
  5. Can I deduct separate maintenance paid to my spouse or alimony paid to my former spouse?
  6. Is interest on a home equity line of credit deductible as a second mortgage?
  7. Is the mortgage interest and property tax on a second residence deductible?
  8. I am in a disaster area and heard the IRS could help me. What can the IRS do?

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