What documents are needed to itemize deductions on my tax return?
When itemizing your tax return you will need to provide accurate records. Documents needed to itemize deductions need to prove the following:
- You paid the expenses during the year that you’re itemizing.
- The expenses were deductible.
The type of deduction you claimed dictates the kind of documents you’re required to have. Ex: For the real property tax deduction, you should have a document from the taxing authority that says:
- You actually paid the balance.
- The tax was based on the value of the property.
What are the tax implications if your home goes up for foreclosure? Learn more from the tax experts at H&R Block.
When can you take a meal allowance as part of business travel deductions? Learn more from the tax experts at H&R Block.
What are the rules for deducting moving expenses? Learn how work-related moving expenses affect your taxes and get tax answers at H&R Block.
Do you own real property in Massachusetts? Learn more about Massachusetts property tax and associated tax rates, with help from the tax pros at H&R Block.