2017 income tax fundamentals chapter 5

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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


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