90 Tax Deductions for Your Personal Tax Return

Health and Medical Dedications

1. Medical Travel Expenses (e.g., mileage, parking, tolls)

2. Weight-Loss Programs (if prescribed by a doctor)

3. Fertility Treatments (including IVF, surrogacy costs)

4. Hearing Aids and Batteries

5. Vision Correction Surgery (e.g., LASIK)

6. Long-Term Care Insurance Premiums

7. Dental Work (including orthodontics)

8. Home Modifications for Accessibility (e.g., wheelchair ramps)

9. Breast Pumps and Supplies

10. Nursing Home Costs (if primarily for medical care)

Home-Related Deductions

1. Mortgage Interest (primary and second homes)

2. Points Paid on Mortgage (even in refinancing)

3. Property Taxes (capped at $10,000 SALT limit)

4. Home Office Deduction (self-employed only)

5. Home Energy Credits (solar panels, insulation upgrades)

6. Casualty and Theft Losses (in federally declared disaster areas)

7. Mortgage Insurance Premiums (if income qualifies)

8. Residential Rental Losses (passive activity loss rules)

9. Moving Expenses (active-duty military only)

10. Second Home Rental Expenses (pro-rated deduction)

Education-Related Breaks

1. Student Loan Interest Deduction (up to $2,500)

2. Tuition and Fees Deduction (if eligible)

3. 529 Plan State Tax Deductions (varies by state)

4. American Opportunity Tax Credit (AOTC)

5. Lifetime Learning Credit (LLC)

6. Qualified Education Loan Payments for an LLC

7. Scholarships Tax Exemption (for qualified expenses)

8. Work-Related Education (if improving job skills)

9. Graduate School Assistantships (excluded from income)

10. Educator’s Home Study Materials

Family and Dependent Deductions

1. Child and Dependent Care Credit

2. Adoption Tax Credit (up to $15,950 in 2024)

3. Foster Care Expenses (not reimbursed)

4. Dependent Medical Expenses

5. Deduction for Qualifying Elderly Parent Expenses

6. Child Tax Credit ($2,000 per qualifying child)

7. State-Specific Family Tax Breaks (varies)

8. Alimony Paid (for pre-2019 divorces)

9. Dependent Tuition or Schooling (if pre-paid medical)

10. Nanny Expenses (under Dependent Care FSA rules)

Retirement and Investment Savings

1. IRA Contributions (Traditional or Roth, subject to limits)

2. Solo 401(k) or SEP Contributions (for the self-employed)

3. Catch-Up Contributions (age 50+)

4. Saver’s Credit (income-eligible taxpayers)

5. Net Capital Losses (up to $3,000 annually)

6. Tax-Deferred Exchange Losses (1031 exchanges)

7. Cryptocurrency Losses (must document properly)

8. Penalty on Early Savings Withdrawals (refund available)

9. Investment Property Depreciation

10. Qualified Dividends (lower tax rate)

Vehicle and Transportation Breaks

1. EV Tax Credit (clean energy vehicles)

2. Alternative Fuel Vehicle Refueling Property Credit

3. Sales Tax on New Vehicle Purchase

4. Mileage for Business Use (self-employed or contractors)

5. Lease Payments for Work Vehicles

6. Deduction for Using a Personal Vehicle for Medical Travel

7. Public Transportation Costs (if job-related)

8. Tolls and Parking Fees (job-related)

9. Vehicle Modifications for Disability Access

10. Casualty Loss for Vehicle Damage

Job or Career-Related Deductions

1. Union Dues (pre-2018 or states allowing)

2. Professional License or Certification Fees

3. Uniforms (required and not for everyday use)

4. Job Search Expenses (pre-2018 or state-allowed)

5. Relocation Expenses (active military)

6. Continuing Education Credits for Career Improvement

7. Outplacement Services (paid by taxpayer)

8. Business-Related Subscriptions

9. Career Networking Memberships

10. Business Use of Personal Cell Phone

Miscellaneous Tax Deductions

1. Tax Preparation Fees (for self-employment)

2. Legal Fees (if for taxable income protection)

3. Personal Casualty Loss (disaster relief only)

4. Hobby Expenses (to the extent of hobby income)

5. Roth Conversion Taxes (offset with deductions)

6. Penalties Paid to Break Investment Contracts

7. Tax-Loss Harvesting on Securities

8. Losses from Ponzi Schemes

9. Expenses to Protect Income-Producing Property

10. Foreign Tax Credit

Creative or Situational Deductions

1. Side-Hustle Start-Up Costs (up to $5,000)

2. Local Agricultural Investment Credits

3. Babysitter Fees (if incurred during charity work)

4. Wildlife Conservation Donations (equipment or cash)

5. Home-Based Business Utilities and Internet

6. Cost of Filing Bankruptcy (for business-related debts)

7. State Return Contributions (e.g., to wildlife funds)

8. Cultural Heritage Donations (approved museums)

9. Medical Subscriptions (if prescribed)

10. Therapy or Counseling (if deemed medically necessary)