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NicolasL
October 25, 2023

Thanks for joining us today TracieDoug2023!  The deductions you qualify depend on your very unique tax situation. Here are some of the 10 most popular tax deductions available:

  • Standard deduction
  • IRA contributions deduction
  • Health Savings Account (HSA) deduction
  • State and local taxes deduction
  • Medical expenses deduction
  • Home office deduction
  • Student loan interest deduction
  • Mortgage interest deduction
  • Charitable contributions tax deduction
  • Educators expense deduction

In this article you can find more information about each deduction and how to qualify for them: https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/10-popular-tax-deductions/L9JesBWTQ

 

Here is also a great resource to learn about different deductions and credits available for the federal return https://www.irs.gov/credits-deductions-for-individuals

 

February 28, 2024

Worked pipeline last year is it possible to put the rent I paid at the RV park as a deduction as well as groceries and eat out seeing that I'm away from my primary residence?  There was a time, these expenses could be claimed as deductions, but somewhere along the line, they were taken no longer authorized, just asking as I get my taxes prepared.

VolvoGirl
Employee
February 28, 2024

I don't think those have ever been a legitimate deduction.  Not  even if you are filing as 1099NEC contractor income on Schedule C.    For W2 income the employee job expense deductions have been eliminated for 2018-2025.