Fours types of tax deductions you should consider:
A specified amount taxpayers may deduct every year instead of adding their deductions up one by one or itemize.
Expenses that may be deducted individually instead of taking the standard deduction. These include items such as home mortgage interest, state and local taxes, charitable contributions and medical expense above a threshold amount(7.5 % of AGI).
ADJUSTMENTS TO INCOME
These are a group of expenses that you can deduct whether you itemize or take standard deductions.
These are for business owners only who can deduct such expenses as office space rent, supplies and equipment.