Chapter 5: Itemized Deductions and Other Incentives Chapter Contents
Chapter 5 Itemized Deductions and Other Incentives Chapter Introduction 51 Medical Expenses 51a What Qualifies as a Medical Expense? 51b Medical Insurance 51c Medicines and Drugs 51d Capital Expenditures 51e Transportation 51f Lodging for Medical Care 52 Taxes 52a Income Taxes and Sales Taxes 52b Property Taxes 52c Personal Property Taxes 53 Interest 53a Taxpayer’s Obligation 53b Prepaid Interest 53c Qualified Residence, Home Equity, and Consumer Interest 53d Education Loan Interest 53e Investment Interest 54 Charitable Contributions 54a Percentage Limitations 54b Substantiation Rules 55 Casualty and Theft Losses 55a Measuring the Loss 55b Deduction Limitations 56 Miscellaneous Deductions 1/2