Talk to your tax preparer or CPA about the itemized deductions that you might still be eligible for on your state return – and don’t forget to bring those receipts.
Here are a few breaks that are in play.
Unreimbursed employee expenses: The federal tax overhaul suspended unreimbursed employee expenses, which is part of a group of miscellaneous itemized deductions. In the past, you were able to claim these if they exceeded 2% of your adjusted gross income.
Other taxes you’ve paid: The federal deduction for state and local taxes, including levies paid on income and property, are now capped at $10,000.
Check with your state to see if you can nab an itemized deduction for taxes you’ve paid. “Many states allow a deduction of real estate taxes paid on your state tax return,” said Rigney.
Some states also allow a deduction for federal income taxes paid.
Medical expenses: Qualified medical expenses must exceed 7.5% of your adjusted gross income in order to be deductible on your federal income tax return (10% for 2019).
The threshold might be lower on your state tax return, however. For example, those costs only have to exceed 2% of your income to be deductible in New Jersey.