Medical and dental expenses that exceed 7.5% of your AGI (adjusted gross income), home mortgage interest, gambling losses, charitable donations, state and local taxes, and casualty and theft loss, all qualify as itemized deductions.

When you choose to itemize rather than take the standard deduction, make it a point to keep careful records of all your itemizable expenses in case of an IRS audit. This includes receipts and invoices, bank statements, mileage logs, and any official documentation that shows the amount you paid and the purpose of the expense.

For people with lots of expenses, itemizing deductions can be a great way to increase tax savings, but it can be complicated. Work with a Tax Pro who can help you plan ahead and get it right. Book your appointment today.

Sharon Brucker, CPA Senior Tax Research Analyst Published on: August 07, 2025

*This content is for general informational purposes only. It is not intended to be comprehensive and should not be construed as professional tax or financial advice for any specific individual tax situation. Taxpayers should always consult a qualified professional for individual guidance. This information constitutes a solicitation under the Treasury Department's Circular 230. Most offices are independently owned and operated.