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Keeping Up With Your Income Taxes All Year 
 
by kmhagen June 03, 2005

For job-hunting expenses:

  • Proof of payment of employment and outplacement agency fees
  • Receipts for costs of preparing and sending your of a resume to prospective employers
  • Receipts for travel expenses to look for work or go to interviews
  • Log of mileage for travel expenses if you use your personal vehicle and use the standard mileage rate

Other miscellaneous deductions:

  • Receipt for tax return preparation fee
  • Proof of payment for a safe deposit box if you use it to store income-producing documents
  • Receipts or proof of payment of appraisal fees for determining loss of fair market value due to a casualty or the fair market value of donated property

Credits

  • Child and dependent care expenses
    • Receipts for payments to a daycare center, nursery school, or other dependent care center
    • Receipts for payments you make to someone to come to your home to care for your dependent
    • Records showing the name, address, and taxpayer identification number of the care provider. (You can use Form W-10 to request the required information.)
    • Paycheck stubs or pay statements (if you receive dependent care benefits from your employer)
  • Education expenses (Hope or Lifetime Learning Credits)
    • Proof of payment of tuition
    • Tuition and fees statements
    • Receipts for purchases of course-related books, supplies, and equipment
    • Financial aid awards (grants, scholarships, and fellowships)
  • Adoption expenses
    • Proof of payment of adoption fees, court costs, attorney fees, travel expenses (including meals and lodging), and other expenses directly related to adoption
  • Mortgage interest credit
    • Mortgage credit certificate from your state or local government
    • Mortgage statements and proof of payment
    • Form 1098 - Mortgage Interest Statement, if you paid interest of $600 or more
  • Foreign tax credit (could be taken as an itemized deduction instead of a credit, or if the tax is on excluded foreign income, you cannot take a credit)
    • Copies of foreign tax returns
    • Copies of foreign tax withholding statements
    • Other proof of payment of foreign taxes
  • Retirement savings contributions credit
    • Documentation of contributions to an employer-sponsored retirement plan or an IRA
  • Credit for electric vehicles
    • Invoice, purchase and sale agreement, title or other documentation as proof of purchase of a qualifying electric vehicle

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