Income Items

  • Wages (Form W-2)
  • Taxable and Tax-exempt Interests
  • Dividends
  • Taxable Refunds
  • Alimony received
  • Miscellaneous Self-Employment Income (Form 1099-MISC)
  • Capital Gain – Stocks, Bonds, Investment and Businesses Properties
  • IRA Distributions
  • Rental Real Estate, Royalties, Partnership and S-Corporation Income
  • Farm Income
  • Unemployment Compensation
  • Social Security Benefits
  • Gambling Income
  • Other Income

Deductible Items

  • Mortgage Interests & Points
  • Real Estate Taxes
  • Automobile Personal Property Taxes
  • Medical Expenses-Insurance premiums and prescription medicines (7.5% AGI Limit)
  • Charitable and Religious Cash and Non-cash Contributions
  • Investment Expenses
  • Theft Losses
  • Tax preparation Fees (2% AGI Limit)
  • Un-reimbursed Employee Business Expenses
  • Moving Expenses (50 Mile Test)
  • Self-employed SEP, SIMPLE, and Qualified Plans
  • Self-employed Health Insurance Deductions
  • Alimony paid
  • IRA Deductions
  • Student Loan Interests
  • College Tuition and Books paid
  • Child Care Expenses