Laws Lawyers Find Laws Legal Forms State Laws Bills
Legal Forms > Tax Forms » Form Schedule A Itemized Deductions
Form Schedule A Itemized Deductions
Tax

Form Instructions

Listen
INSTRUCTIONS: ITEMIZED DEDUCTIONS (Form 1040 Schedule A) “Itemized Deductions Form 1040 Schedule A Step 1” You only deduct medical and dental expenses that exceed 7.5% of the amount on Form 1040, line 38.Regard the instructional guide to see what expenses you can deduct, then take the following steps: · 2: enter amount from Form 1040, 38 · 3: multiply line 2 by .075 · 4: Subtract line 3 from line 1 (if line 3 is more, enter 0) “Itemized Deductions Form 1040 Schedule A Step 2” Check the appropriate box on line 5 and enter the amount, then take the following steps: · 6: include state, local, and foreign taxes you paid for non-business, but only if taxes are based on assessed value of the property · 7: enter amount of personal property taxes · 8: List other taxes and the type · 9: Add lines 5 through 8 “Itemized Deductions Form 1040 Schedule A Step 3” On line 10, enter home mortgage interest and points reported on Form 1098, then take the following steps: · 11: List mortgage interest not reported on 1098 (see instructions if paid to former homeowner) · 12: Points not reported on 1098 (see instructions for special rules) · 13: List amount of mortgage insurance premiums after December 31, 2006 (see instructions) · 14: List investment interest and attach Form 4952 (see instructions) · 15: Add lines 10 through 14 “Itemized Deductions Form 1040 Schedule A Step 4” · 16: Amount for gifts by cash or check (see instructions for gifts over $250) · 17: Amount for gifts not by cash or check (see instructions) · 18: Carryover from prior year · 19: Add lines 16-18 “Itemized Deductions Form 1040 Schedule A Step 5” · 20: Amount of theft or casualty losses (attach Form 4684 and see instructions) · 21: Unreimbursed employee expenses (attach Form 2106 or 2106-EZ and see instructions) · 22: Tax preparation fee · 23: Other expenses · 24: Add lines 21-23 · 25: Amount from Form 1040, line 38 · 26: Multiply line 25 by 2% · 27: Subtract line 26 from 24 (if 26 is more enter 0) · 28: List other miscellaneous deductions from instructions “Itemized Deductions Form 1040 Schedule A Step 6” · 29: Add amounts in right column for 4-28 and enter amount from Form 1040, line 40
Loading...
  • Play
  • Pause
  • Volume:
  • Mute
  • Half
  • Max
  • INSTRUCTIONS: ITEMIZED DEDUCTIONS (Form 1040 Schedule A)

    “Itemized Deductions Form 1040 Schedule A Step 1”

    You only deduct medical and dental expenses that exceed 7.5% of the amount on Form 1040, line 38. Regard the instructional guide to see what expenses you can deduct, then take the following steps:

    · 2: enter amount from Form 1040, 38

    · 3: multiply line 2 by .075

    · 4: Subtract line 3 from line 1 (if line 3 is more, enter 0)

    “Itemized Deductions Form 1040 Schedule A Step 2”

    Check the appropriate box on line 5 and enter the amount, then take the following steps:

    · 6: include state, local, and foreign taxes you paid for non-business, but only if taxes are based on assessed value of the property

    · 7: enter amount of personal property taxes

    · 8: List other taxes and the type

    · 9: Add lines 5 through 8

    “Itemized Deductions Form 1040 Schedule A Step 3”

    On line 10, enter home mortgage interest and points reported on Form 1098, then take the following steps:

    · 11: List mortgage interest not reported on 1098 (see instructions if paid to former homeowner)

    · 12: Points not reported on 1098 (see instructions for special rules)

    · 13: List amount of mortgage insurance premiums after December 31, 2006 (see instructions)

    · 14: List investment interest and attach Form 4952 (see instructions)

    · 15: Add lines 10 through 14

    “Itemized Deductions Form 1040 Schedule A Step 4”

    · 16: Amount for gifts by cash or check (see instructions for gifts over $250)

    · 17: Amount for gifts not by cash or check (see instructions)

    · 18: Carryover from prior year

    · 19: Add lines 16-18

    “Itemized Deductions Form 1040 Schedule A Step 5”

    · 20: Amount of theft or casualty losses (attach Form 4684 and see instructions)

    · 21: Unreimbursed employee expenses (attach Form 2106 or 2106-EZ and see instructions)

    · 22: Tax preparation fee

    · 23: Other expenses

    · 24: Add lines 21-23

    · 25: Amount from Form 1040, line 38

    · 26: Multiply line 25 by 2%

    · 27: Subtract line 26 from 24 (if 26 is more enter 0)

    · 28: List other miscellaneous deductions from instructions

    “Itemized Deductions Form 1040 Schedule A Step 6”

    · 29: Add amounts in right column for 4-28 and enter amount from Form 1040, line 40

    Court Map

    Comments

    Related Forms

    See All Related Forms >>

    Popular Tax Forms

    Other Topics In This Category

    See All Topics In This Category >>
    Tips