
What kind of things (other than mortgage interest) can I itemize on my tax return?
Can I itemize everything I have bought this year so long as I have the receipts (i.e. clothing, books, dining out, travel for pleasure, etc) or are there restrictions to what I can list there? If so, where can I find a list of them?
I live in the state of Washington and will be filing single.
Good grief no, you can’t deduct everything you bought.
Read the instructions for 1040 schedule A – that will tell you what you can deduct.
Since Washington state doesn’t have a state income tax, you can instead take a deduction for SALES tax paid. You don’t have to add up all the receipts for sales tax though, although you can if you want to – there’s a chart for your state by income and family size the will give you an amount you can take for sales tax without having receipts. If you bought a car, plane or boat, you can add the sales tax paid on that to the amount from the table.
Mortgage Update for November 16, 2009
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