Form 1098-T Archives - Milliken, Perkins & Brunelle

Can I itemize deductions on my tax return?

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February 25, 2025 Kevin Brunelle Form 1098-T, itemized deduction, medical expense deduction, mortgage interest

itemized deductions

You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be claimed because you didn’t have enough deductions to itemize. How much do you need? You can itemize deductions if the total of your allowable itemized write-offs for the year exceeds your standard deduction allowance for the year. Otherwise, you must claim the standard deduction.

Here’s how we’ll determine if you can itemize or not for 2024 when we prepare your return.
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Tax-saving ways to help pay for college — once your child starts attending

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January 17, 2023 Kevin Brunelle American Opportunity Tax Credit (AOTC), Form 1098-T, gift tax, IRA

college tax breaks

If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a number of tax breaks that you may be able to claim once your child begins attending college or post-secondary school.