Crazy as it sounds you can include the following items in figuring your expense deductions. This list does not include all possible expenses so be sure to ask your tax professional if an expense not listed can be included in figuring your expense deductions.
The bad news is that your bingo winnings are fully taxable income. But the good news is that you can claim gambling losses up to the amount of your winnings as an itemized deduction.
If you have been diagnosed by your doctor with a specific disease such as heart disease, hypertension, or obesity and you've incurred expenses related to losing weight, you can deduct the expenses as long as the treatments are for that specific diagnosed disease.
No, you can't include optional cosmetic surgeries in your deductible medical expenses but you can include the amount you pay for breast reconstruction surgery after a mastectomy because it's considered medically necessary to fix a deformity related to a disfiguring disease.
Many expenses related to having or not having children are deductible, assuming your overall medical expenses exceed the allowed percentage of your gross income . You can include the amount you paid to buy a pregnancy test kit, the same way you can with a legal abortion, sterilization, prescribed birth control pills , or breast pumps.
As a medical expense, you can include the cost of wigs if your doctor recommends them for your mental health after losing your hair to disease.
Programs to Stop Smoking
Any prescribed program to help you stop smoking qualifies as a deductible medical expense. This does not include non-prescribed items such as nicotine gum or patches.
The IRS has allowed people with an overbite to deduct clarinet lessons if used to treat the dental condition and if the lessons have been prescribed by their physician.
In addition to deducting moving expenses related to your employment you can also deduct the cost of shipping your household pets
to your new home .
If your employment requires work clothes that aren't suitable for everyday use you can deduct the cost and upkeep of work clothes. Health care workers, law enforcement personnel, delivery workers, firefighters, and professional athletes can some example of who can use this deduction. Musicians and entertainers can also deduct the cost of job-specific theatrical clothing and accessories.