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• Tax Trail 1.1: Are You Eligible to Deduct Moving Expenses? [Add to myFedTax]
  You can deduct your allowable moving expenses if your move is closely related, both in time and in place, to the start of work at a new or changed job location. You also must meet the distance test and the time test. The following information applies to moves within the United States.
  

• Tax Trail 1.2: Is My Home Mortgage Interest Deductible? [Add to myFedTax]

• Tax Trail 1.3: Are My Home Mortgage Points Deductible? [Add to myFedTax]
  The term "points" is used to describe certain charges paid by a borrower to obtain a home mortgage. Points may also be called loan origination fees, maximum loan charges, loan discount or discount points.
  

  
  You generally cannot deduct the full amount of points in the year paid. Because points are prepaid interest, you generally must deduct them over the life (term) of the mortgage.
  

• Tax Trail 1.4: Does The 50% Limit Apply to Your Expenses? [Add to myFedTax]
  In general, you can deduct only 50% of your otherwise deductible business-related meal and entertainment expenses. The 50% limit applies to employees or their employers, and to self-employed persons (including independent contractors) or their clients, depending on whether the expenses are reimbursed.
  

• Tax Trail 1.5: Are You Subject to the Limits on Itemized Deductions? [Add to myFedTax]
  You are subject to the limit on certain itemized deductions if your Adjusted Gross Income (AGI) is more than $142,700 for Married Filing Joint, Qualifying Widow(er), Head of Household, and Single ($71,350 if you are Married Filing Separate). These limits do not apply to Estates or Trusts.
  

• Tax Trail 1.6: Medical Expenses [Add to myFedTax]
  If you receive reimbursements for medical expenses that are more than the amount of your medical expenses, you may have to include the excess in your taxable income.
  

• Tax Trail 1.7: Can You Deduct Business Use of the Home Expenses? [Add to myFedTax]
  If you use part of your home regularly and exclusively for business purposes, you may be able to deduct part of the operating expenses and depreciation of your home.
  

• Tax Trail 1.8: Deduction for Higher Education Expense [Add to myFedTax]
  The deduction for higher education expenses is a new deduction for qualified expenses paid beginning after December 31, 2001 for you, your spouse (if filing jointly), or your dependent, even if you do not itemize deductions on Schedule A, Form 1040.
  

  
  Qualified expenses are tuition and fees required to attend or enroll in an eligible education institution.
  

• Tax Trail 1.9: Miscellaneous Deductions [Add to myFedTax]
  You can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040). You must reduce the total of most miscellaneous itemized deductions by 2% of your adjusted gross income. This is referred to as the 2% Limitation Rule.
  

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