Commonly Overlooked Deductions

Here are some of the commonly overlooked write-offs:

Student loan interest

Education expenses

One-half of self-employment tax paid

Cost of health insurance premiums, not part of the Premium Tax Credit, Adjustment for some self-employed persons

Penalty on early withdrawal of savings

Alimony paid (does not include child support)

Medical transportation - including tolls, parking, and mileage for visiting doctors and dentists and picking up medicine

Breastfeeding equipment and pumps

Nursing home expenses that are primarily for medical careMedical aids such as crutches, canes, and orthopedic shoes

Hearing aids, eye glasses, and contact lenses

Hospital fees for services such as nursing, physical therapy, lab tests, and x-rays

Equipment for disabled or handicapped individuals

Part of life-care fee paid to retirement home designated for medical care

The cost of alcohol, drug abuse, and certain stop-smoking treatments

Special school costs for mentally or physically handicapped individuals

Wages for nursing service

State income taxes owed from a prior year and paid in the current tax year

Payment by December 31 of last quarter estimated state taxes

Personal property taxes on cars, boats, etc.

Taxes paid to a foreign government

Mandatory contributions to state disability funds

Points paid on mortgage or refinancing

Fair Market Value of property donated to a recognized charity

Cash contributions to a recognized charity

Mileage incurred in relation to charitable activities

Gambling losses to the extent of winnings.