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Schedule A

Tax Year 2013

 

This worksheet is used to report all itemized deductions and a few deductions that do not have to be itemized.

 

New for Schedule A in 2013
Medical and dental expenses are only deductible for that amount that exceeds 10% of the taxpayer's adjusted gross income. This amount is lowered to 7.5% if the taxpayer or spouse are age 65 or older.

 

The standard mileage rate for the use of the taxpayer's car to receive medical care has been increased to 24 cents per mile for 2013.

 

How to Use the Schedule A
This worksheet is broken down into 4 separate pages as follows:

 

Standard vs. Itemized Deductions
standard deduction is offered to all taxpayers regardless of the total of their expenses during the tax year, and is determined by filing status. Alternatively, the taxpayer can "itemize" deductions by adding up certain expenses. Some of these expenses are allowed in full, others are reduced, and some must meet a certain threshold before they become deductible. When the itemized expenses exceed the standard deduction, the itemized expenses should be used instead of the standard deduction

 

Automatic Calculation of the Best Deduction
Enter all relevant information as requested into the Schedule A worksheet. This information will be used to automatically calculate whether the taxpayer is eligible for the standard deduction, itemized deductions or other deductions that do not have to be itemized, and which method yields the lowest tax liability. By doing so, the taxpayer can be assured that he or she is paying the lowest tax liability and/or receiving the largest refund allowed by law.

 

Standard Deduction Amounts
The Standard Deduction amounts for the 2013 Tax Year are as follows:

Filing Status Standard Deduction
Single of Married Filing Separate  $6,100
And born before January 2, 1948 or Legally Blind $7,600
And born before January 2, 1948 and Legally blind $9,100
Married Filing Jointly or Qualifying Widow(er)  $12,200
One person born before January 2, 1948 or Legally Blind $13,400
Both born before January 2, 1948 or Legally Blind $14,600
One person born before January 2, 1948 and Legally Blind $14,600
One person born before January 2, 1948 or Legally Blind and other person born before January 2, 1948 and Legally Blind $15,800
Both born before January 2, 1948 and Legally Blind $17,000
Head of Household    $8,950
And born before January 2, 1948 or Legally Blind $10,450
And born before January 2, 1948 and Legally blind $11,950

 

Caution: Do not enter any expenses that were reimbursed or paid by others. Also, do not include any expenses that will be deducted elsewhere on the return, such as the Schedule C, E or F worksheets.

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