Schedule A, Itemized Deductions, is a form used with IRS Form 1040 to report itemized deductions when a taxpayer chooses to itemize rather than claim the standard deduction.
Itemized Deductions Include the Following:
- Medical and Dental Expenses that exceed 7.5% of the taxpayer’s Adjusted Gross Income (AGI)
- Taxes paid for state income taxes, sales taxes, real property taxes, and personal property taxes
- Home mortgage interest and points
- Investment interest expense reported on Form Form 4952 (Investment Interest Expense Deduction)
- Charitable contributions of cash or other property. If the taxpayer makes any noncash charitable contributions, those amounts are reported on Form 8283 (Noncash Charitable Contributions)
- Casualty and Theft Losses
- Other Itemized Deductions
Video Tutorials on Schedule A Itemized Deductions
Please visit our videos below which cover the reporting requirements for various types of itemized deductions:
- Mortgage Interest Deduction and Limitations
- Deducting Real Property Taxes
- Deducting Noncash Contributions
- Investment Interest Deduction on Form 4952
Additional Information
Taxpayers can find more information on itemized deductions in the Schedule A instructions and on the IRS website.