TAXES

A List of Deductible Taxes
Jeff Schnepper
Decision Center

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How Extra Tax Payments Can Cut Your Tax Bill

Here are other taxes that you might be able to deduct to reduce your overall tax bill.

Taxes imposed by states, cities and possessions of the United States:

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Auto registration (to the extent it is based on value)

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Income taxes (except where claimed as a credit)

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Personal property taxes

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Real property taxes

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Foreign taxes

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Income, war profit, excess profit (unless claimed as a credit) taxes

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Real estate taxes

If paid or accrued in connection with a business or for the production of income, you can also deduct these Federal taxes:

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Excise

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Import duties

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Liquor

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Railroad Retirement (employers)

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Social Security/Medicare (employers)

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Stamp

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Tobacco

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Unemployment/Disability (employers)

What deductions and credits can I take?
Articles
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Improve Your Financial Health with Medical Deductions
America's Favorite Loophole: Deductible Interest
Give and Grow Rich with Charitable Deductions
Let the IRS Share Your Casualty & Theft Losses
Miscellaneous Deductions Add Up to Big Savings
Consolation for Growing Older: Tax Breaks

Next Steps
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Go to Money's Tax Estimator Worksheet

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