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Schedule A (Itemized Deductions)Medical and Dental Expenses.State and Local Taxes.Home Mortgage Interest.Charitable Donations.Casualty and Theft Losses.Job Expenses and Miscellaneous Deductions subject to 2% floor.There are no Pease limitations in 2021.Oct 26, 2020

Itemized deductions include amounts you paid for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest, and disaster losses. You may also include gifts to charity and part of the amount you paid for medical and dental expenses.

Which Deductions Can Be Itemized?Unreimbursed medical and dental expenses.Long-term care premiums.Home mortgage and home-equity loan (or line of credit) interest.Home-equity loan or line of credit interest.Taxes paid.Charitable donations.Casualty and theft losses.More items...

Itemized deductions include amounts you paid for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest, and disaster losses. You may also include gifts to charity and part of the amount you paid for medical and dental expenses.

Itemizing requirements In order to claim itemized deductions, you must file your income taxes using Form 1040 and list your itemized deductions on Schedule A: Enter your expenses on the appropriate lines of Schedule A. Add them up. Copy the total amount to the second page of your Form 1040.

Some common itemized deduction to qualify for include:Medical expenses.Property, state, and local income taxes.Home mortgage interest.Charitable contributions.Investment interest expense.Miscellaneous deductions.

An itemized deduction is an expense that can be subtracted from adjusted gross income (AGI) to reduce your taxable income and therefore lower the amount of taxes you owe.Allowable itemized deductions, which may be subject to limits, include mortgage interest, charitable gifts, and unreimbursed medical expenses.