Professionals

Tax deduction Strategies for non-business owner- Professionals

1. Home related deductions such as mortgage interest deduction, Property tax deduction, home office deduction (for self-employed) and energy -efficient home improvements.  
2. State income or sales tax deduction- deduct either state income or sales tax.
3. Student loan interest deduction, educator expenses and education credits such as the American opportunity & the life learning tax credit.
4. IRA, HSA, & flexible health FSA deductions.
5. Health Insurance, medical & dental deductions.
6. Gambling loss deduction
7. Charitable tax deduction.