What Kind of Expenses can be Deducted from My Income Taxes

There are many categories of expenses that can be deducted from your income tax. If you have expenses that total more than the Standard Deduction, then you can use the process known as Itemization to take into account certain types of expenses in order to reduce your income tax. The following is a list of the most common: Medical and Dental Expenses, Other Taxes You Paid, Interest Expenses (such as Home Mortgage), Gifts To Charity, Casualty and Theft Losses, Job Expenses and other Miscellaneous Deductions.
Also, there are also certain types of expenses which are not deductable, such as Political Contributions.