Some overlooked itemized deductions could help you get a better refund on your tax returns. They are as follows:
- Medical and accident insurance (including long term care insurance)
- Medicine and drugs
- Transportation to medical facility (actual cost)
- Pysically handicapped costs
These costs can add up. However, they are only deductible to the extent that they exceed 10% of your AGI (7.5% of AGI if you or your spouse is over 65).