List of Tax Deductions (contd.)
Casualty and Theft Losses
- Losses to your home or property due to Theft or acts of nature
Books and Publications
- Books, trade journals, newspapers and publications you paid for that is used in your profession.
Dues and Fees
- Dues to a professional organization for people in your profession
- Union dues, initiation fees, and assessments for benefit payments to unemployed union members.
- Regulatory fees for your profession
- Dues to chambers of commerce and similar organizations
- Licenses paid to state or local governments
Education and Research
- Educational expenses only if its related to your present work that maintains or improves your skills.
- Research expenses
- Equipment and Supplies
Business use of Home computer & Internet
- Must be for the convenience of your employer and required as a condition of your employment.
- Supplies and tools you use in your work
- Internet connection must be for the convenience of your employer and required as a condition of your employment.