Property-related Overlooked Tax Deductions •Print•
Property-related Overlooked Tax Deductions
 
This is a list of the top 50 most easily overlooked tax deductions. Not every item will be applicable to your situation.
  1. Commission to brokers or agents for the sale of property or property management
  2. Your moving expenses
  3. Personal property taxes on cars, boats, etc.
  4. General casualty and theft losses in excess of $100 and totaling more than 10% of adjusted gross income
  5. Miscellaneous Overlooked Tax Deductions Student loan interest
  6. Special school costs for mentally or physically handicapped individuals
  7. Worthless stock or securities
  8. Fees for tax preparation or advice
  9. Legal fees to collect taxable alimony or Social Security
  10. Hobby expenses to the extent of hobby income you included in gross income
  11. Services of a housekeeper, maid, or cook needed to run your home for the benefit of a qualifying dependent while you work
  12. Penalty on early withdrawal of savings
  13. Alimony paid, but not child support
  14. State income taxes owed from a prior year and paid in the tax year
  15. Fourth quarter estimated state taxes paid by December 31
  16. Taxes paid to a foreign government
  17. Mandatory contributions to state disability funds
  18. Points paid on mortgage or refinancing
  19. General sales tax deduction (including tax paid on large items such as cars or boats) in lieu of the income tax deduction
  20. Cash and non-cash contributions to a qualified charity
  21. Mileage incurred in performing charitable activities
  22. Gambling losses to the extent of your gambling winnings