Question

Are there any other itemized deductions that I could claim on my tax return? I don’t want to overlook any potential tax deductions.

Answer

 

Determining what you can itemize to maximize your tax return is important. Other itemized deductions that you may want to consider include:

  • Gambling losses, but only to the extent of gambling winnings reported on Form 1040
  • Casualty and theft losses of income-producing property from Form 4684 or Form 4797
  • Loss from other activities from Schedule K-1 (Form 1065-B)
  • Federal estate tax on income in respect of a decedent
  • Amortizable bond premium on bonds acquired before Oct. 23, 1986
  • Deduction for repayment of amounts under a claim of right if over $3,000
  • Certain unrecovered investment in a pension
  • Impairment-related work expenses of disabled person

Related Topics

Related Resources

What Is Virtual Tax Preparation?

Virtual tax preparations let you complete your taxes online from the comfort of your home. Find out how easy remote tax preparations can be at H&R Block.

What Types of Tax Preparers Are There?

Tax preparers can have various designation and specialties. Learn how different types of tax preparers at H&R Block can help you in person or virtually.

What Is an Enrolled Agent or EA?

What does it mean to be an enrolled agent? Learn more about the roles and requirements of enrolled agent (EA) tax preparers at H&R Block.

How Does Changing Jobs Affect Your Tax Return?

Changing jobs can come with tax implications like job search and moving expense deductions. Learn more about these potential benefits at H&R Block.