List of job related tax deductions

Itemizing your Taxes Made Easier

This itemizing taxes overview has been updated with information for the 2024 & 2025 tax years. If you’re like me, you’re probably still waiting around for all your income statements to trickle in from banks, discount brokers, your employer, and anyone else whom you might have some sort of financial interest with.

The part that is more in your control is the organization of your deductions.

7 Tax Deductions For W-2 Employees - FreshBooks

If you’re not sure whether or not itemizing your taxes is right for you, you may want to take a look at IRS Form 1040. What follows will be a teaser on what you could potentially itemize and how to organize your tax deductible expenses throughout the year.

Passing on the Standard Tax Deduction

Pre tax-reform, I was one of the 35-40% of Americans who itemized my taxes and did not take the standard deduction, and it paid off.

I used to get exci List of Canadian Federal Tax Deductions - PELU