Getting the most from itemized deductions. A myriad of miscellaneous expenses Veteran itemizers have long known that you can cut taxes if you take the time to total your eligible expenses. But too often, even the most tax-savvy filers do only a partial job when it comes to counting deductions. They can only reduce your taxes on a limited basis by reducing your taxable income.
Less income equals less tax.
If you're going to add up your deductible expenses, add them all up. Especially since many deductions require you to reach a certain level before you can use them. So get your Schedule A , pull out your shoebox of receipts and sharpen your pencil. Here's some deductions you may have forgotten about. Many medical costs to consider There is never anything good about being sick, but don't add to your ailments by overlooking medical costs that you can deduct.