Things to Claim on a Tax Return?

Answer No matter how much or how little money you make, reporting every dollar you earn is important. Failing to report all your income could trigger an inquiry from the IRS, or even an audit. Not claimin... Read More »

Top Q&A For: Things to Claim on a Tax Return

Can you claim orthodontic services on your tax return?

Payments made for orthodontic services are deducted on line 1 of Schedule A. However, total medical expenses must be greater than 7.5 percent of your adjusted gross income. Payments for orthodontic... Read More »

How to Claim Dependents on My Federal Tax Return?

Claiming dependents on your federal income tax return reduces your total taxable income for the year. People can qualify as your dependent either as a dependent child or dependent relative. The qua... Read More »

How to Claim Mortgage Points on a Federal Tax Return?

Mortgage points are costs you choose to pay when you take out your mortgage to reduce the interest rate on your loan. The Internal Revenue Service allows you to deduct the cost of mortgage points a... Read More »

Can you claim your hospitalization insurance premium on your tax return?

The Internal Revenue Service (IRS) recognizes hospitalization insurance premiums as a tax-deductible medical cost that you can claim on your tax return. However, since it is an itemized deduction, ... Read More »