You can deduct the amount of unreimbursed medical expenses that exceed 7.5% of your AGI (the threshold is typically between 7.5% and 10% of AGI in any normal tax year). Be aware that if you pay qualified higher-education expenses with a student loan, then they must be claimed in the year when the expenses are made, not in the year when the loan proceeds are received or repaid. Charitable donations are a tax-deductible expense, but the amount you can claim is limited to a percentage of your AGI in most years. If you are an independent contractor, then you will need a record of the estimated taxes you made quarterly throughout the year. This is on the W-2 form if you work for an employer. If you have no mortgage or do not have an escrow account paying your property taxes, then you will need to keep a record of your property tax payments separately. This typically appears on a Form 1098, Mortgage Interest Statement, which you will receive from your mortgage lender. Property taxes and mortgage interest paid.
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