Level 1
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Deductions & credits

There are no special deductions for seniors with the exception of an increased standard deduction amount and the Credit for the Elderly and Disabled which hardly anyone qualifies.

Schedule A lets you report certain deductible expenses like:

  • Medical and dental costs above and beyond 7.5% of your AGI
  • State, local, real estate, and personal property taxes
  • Home mortgage interest
  • Charitable donations and gifts
  • Casualty or theft losses
  • Unreimbursed employee expenses above and beyond 2% of your AGI

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