Deductions to take a scan at....for tax year 2007.....

Medical:  (has to be greater than 7.5% of Adjusted Gross Income)  The actual amount paid (not reimbursed by insurance) from January 1 through December 31.  Includes but is not limited to doctors, dental, x-rays, labs, medications, insurance cost, medical transportation (you may have other medical expenses that may not be listed above).

Taxes:  Real Estate Taxes, Personal Property Tax and State Withholdings are a part of your itemized deductions. The actual amount paid during the tax year ending on December 31. The word to remember is "paid" by 12/31 of the current year to be used as a deductionn.

Interest:  Mortgage Interest on a personal residence.  Please obtain form 1098 as your proof of interest paid for the tax year.  Points paid to obtain a loan are deductable over the life of the loan, if refinanced, or in the year paid, if a new home purchased.  Consult your tax advisor. Limits apply if your home loans exceed $1,000,000. so seek advice of your tax advisor.

Contributions: Amounts contributed on or before 12-31 at midnight.  This includes but is not limited to churches, non-profits and schools.  There could be some limits based on your Adjusted Gross Income.  Look at your contributions to see if you need to increase prior to 12-31. 

 Special limitation may apply for acknowledgement of any contribution.    Please contact your tax advisor for additional information.

The acknowledgement information may include:

1. You name and taxpayer identification number.

2. The identification number or similar number on an article (such as a vehicle).

3. Related party rules could apply.

4. Statement of "gross" proceeds from the sale.

5. Statement proofing or certification of date of contribution.