common tax deductions 2009

[bugibar]

What are some common tax deductions in 2009?

[danisara]

What are some common tax deductions in 2009?

Here are a few of common tax deductions 2009 that people often forget about:

• job hunting expenses (costs to get to the interview, printing costs, etc.)
• education expenses (taking classes to requalify)
• medical/dental expenses
• vehicle license fee paid with your car registration
• mortgage insurance premiums
• tax preparation fees

[steven]

Many people forget that if you run a business you can deduct some portion of your home (for having office in your home) including utilities, property taxes, etc. This can save you a lot of money.

[bugibar]

This is great, thanks to everyone.

I also found out there is a deduction for medical expenses. There is some 7 1/2 % rule though. Only unreimbursed expenses that exceed 7 and 1/2 percent of Adjusted Gross Income qualify. Not very useful for some small expenses but for someone who went through surgery without health insurance (appendix for $13K), it is great help. More information in IRS Publication 502: Medical and Dental Expenses.