Common Deductions and Credits

1.  The additional child tax credit gets missed by those who file with paper and pencil quite often

2.  Employee expenses, mileage and tax preparation fees

3.  Charitable Contributions both cash and non-cash

4.  Education costs

5.  Points paid for your new mortgage or to refinance

6.  Some closing costs

7.  Gambling losses to the extent of your gambling winnings

8.  Head of Houshold status

9.  Foreign tax credit (for you mutual fund owners)

10. Depreciation on rental homes

11. Health Insurance premiums and other medical costs