9. Medical And Dental Expenses
You can deduct qualified medical and dental expenses if they exceed 10% of your adjusted gross income. Included in the list of all the possible deductions are ambulance costs, prescribed birth control pills, breast pumps, breast reconstruction surgery, artificial teeth, eye exams and lenses, drug and alcohol addiction therapy, and even crutches to help you walk. These expenses must “alleviate or prevent a physical or mental defect or illness,” according to the IRS’s Publication 502 Medical And Dental Expenses.
10. Trade Shows And Seminars
If you are a business owner or an entrepreneur and you attend events to support your business via learning information or networking, you could claim a deduction. Employees can also claim these expenses (as well as travel, lodging and meals) if the employer does not reimburse you and you were required to attend, or going to this type of event is commonplace in your industry.