Itemized Deductions

Free IRS Enrolled Agent SEE Part 1 (Individuals) lesson in Deductions and Credits. 21 min read, ~3,132 words.

Medical floor: deduct unreimbursed medical expenses only above 7.5% of AGI; 2025 medical mileage is \$0.21 per mile; includes premiums, prescriptions, and qualified LTC up to the age-band cap. SALT cap: state and local income (or sales) plus real estate plus personal property tax, capped at \$40,000 (\$20,000 MFS), phasing...