J.K. Lasser's 1001 Deductions and Tax Breaks 2022, 2nd Edition

CHAPTER 15Miscellaneous Items

1. State and Local Income Taxes
2. State and Local Sales Taxes
3. Certain Federal Taxes
4. Tax Refunds
5. Legal Fees
6. Gifts You Receive
7. Inheritances
8. Life Insurance Proceeds
9. Gambling Losses
10. Estate Tax Deduction on Income in Respect of a Decedent
11. Rebates and Discounts
12. Government Benefits
13. Olympic Medals
14. Alternative Minimum Tax

There are some tax benefits that simply defy classification so they cannot be included in any other chapter. You may be entitled to claim them nonetheless.

This chapter explains a variety of miscellaneous tax breaks you may be entitled to claim. The standard deduction amount that can be claimed instead of itemizing personal deductions is explained in the introduction to this book. For more information see IRS Publication 525, Taxable and Nontaxable Income, and IRS Publication 529, Miscellaneous Deductions.

State and Local Income Taxes

Individuals in all but 8 states (Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming) and the District of Columbia may be subject to income taxes (those in New Hampshire have an income tax on interest income and dividends only). There may also be income taxes on the local level. These taxes are deductible for federal income tax purposes up to a set limit if you itemize personal deductions.

Benefit

If you pay state and local income tax, through withholding or estimated tax payments, ...