Itemized/Standard Deduction

There is a phase-out of itemized deductions for taxpayers with AGI above $259,400 (individual filers), $311,300 (MFJ) and $285,350 for head of households.
The total reduction can not be more than 80% of the gross itemized deductions.

There is a phase-out of itemized deductions for taxpayers with AGI above $259,400 (individual filers), $311,300 (MFJ), $285,350 (H of H).

Unreimbursed payments for long term care services for chronically ill individuals are deductible medical expenses subject to certain age limitations and to the 10% / 7.5% AGI limitation on IRS Schedule A.
For year 2016 the maximum deductible premium amounts are $390 if you are age 40 or younger , $730 for those ages 41 - 50, $1,460 for those 51-60, $3,900 for those age 61-70 and $4,870 for those over age 70.

Qualified long term care insurance contracts will generally be treated as health insurance for purposes of the self-employed health insurance deduction on IRS Form 1040 page 1.

If you are filing as married filing separately, both persons must file using either the standard or itemized deduction amounts. One spouse cannot use the standard deduction and the other use the itemized deduction amount.

No. Under current law these withholding deductions are not deductible.

The standard deduction is $12,600 for married couples filing a joint return and qualifying widow's plus $1,250 once they reach age 65
$6,300 for singles and married individuals filing separately plus 1,550 once they reach age 65,
$9,300 for heads of household plus $1,550 once they reach 65,
Nearly two out of three taxpayers take the standard deduction, rather than itemizing deductions with expenses such as mortgage interest, real estate taxes, charitable contributions, medical expenses and state and local taxes.

Expenses that result from looking for a new job in a taxpayers's present line of work are tax deductible even if a new job is not found.
However, expenses of looking for a new job in a new trade or business, even if a job is found, are not deductible. Also, expenses incurred for a recent college graduate looking for his/hers first job are not deductible.

Itemized deductions are amounts paid for certain items, such as medical or dental care, state or local income tax, real estate taxes, mortgage interest, gifts to charities and miscellaneous deductions, such as investment expenses and unreimbursed business expenses. Each category of itemized deductions is subject to limitations. Generally speaking, the IRS gives you a standard deduction, based upon your filing status(married, single,etc.) You are allowed the larger amount of your itemized deductions or standard deduction. Itemized deductions reduce your taxable income.