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Archive for the ‘Itemizing’ Category

No need to itemize to claim these deductions

New York City Medical Practice CPA Are you part of the approximately 68% of taxpayers who IRS statistics say claim the standard deduction instead of itemizing? If so, you can still deduct some expenses on your 2015 federal income tax return. Individual retirement account (IRA) contributions – […]

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Seven Important Tax Facts About Medical and Dental Expenses

NYC Medical Accounting If you paid for medical or dental expenses in 2012, you may be able to get a tax deduction for costs not covered by insurance. The IRS wants you to know these seven facts about claiming the medical and dental expense deduction.  You must […]

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