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.
Changing jobs can come with tax implications like job search and moving expense deductions. Learn more about these potential benefits at H&R Block.
Are political contributions tax deductible? Before signing a check, learn the difference between charitable giving and political donations at H&R Block.
Here are the top tax questions our professionals got this year – with answers for you! How can you use this? Read on to get answers from H&R Block.
Learn more about the potential tax benefits of charitable holiday giving. Your holiday donations may boost your refund, depending on the organization.