Some typical itemized deductions include:

  •  Mortgage and equity interest
  • State and local taxes
  • Charitable contributions
  • Real estate taxes
  • Un-reimbursed medical and dental expenses
  • Casualty and theft losses (e.g. fire, hurricane, tornado)
  • Un-reimbursed job expenses (e.g. job travel, union dues, job education, etc.)
  • Gambling losses (to the extent of the gambling income)
  • IRA custodial fees
  • Investment counsel and advisory fees

*Please note: There are limitations on many of these deductions.