Deductions

The extension deadline will be here before you know it! As you are preparing your taxes, here are a few things that taxpayers tend to overlook: Medical Expenses I would say the biggest deduction not included is medical expenses. It is almost impossible to itemize medical expenses on the federal tax return because of the income limitation on the Schedule A. However, if a taxpayer can itemize, Arizona allows these expenses to be 100 percent deductible. Included in these medical expenses … [Read more...] about Keeping Deductions in Mind