This Income Tax Deduction Worksheet is designed for individuals who make itemized deductions when filing an income tax return. The spreadsheet allows an individual to track itemized deductions throughout the year by income tax category, date, description, and amount. The spreadsheet will automatically total all estimated deductions. Please note that the Income Tax Deduction Worksheet provides a general estimate only and is solely based on general and limited assumptions.
INCOME TAX DEDUCTION WORKSHEET Projected Adjusted Gross Income $ 50,000 MEDICAL AND DENTAL Date Tax Year Type Description TOTAL 2/2/2011 2011 $ 7,800 Total Medical and Dental Expenses $ 7,800 Total Medical and Dental Deduction Amount $ 4,050 TAXES PAID Date Tax Year Type Description TOTAL 11/1/2011 2011 Income Tax $ 5,000 General Sales Tax $ 4,000 Real Estate Tax $ 3,000 New Motor Vehicle Tax Other Tax Total Taxes Paid $ 12,000 Total Taxes Paid Deduction Amount $ 8,000 INTEREST PAID Date Tax Year Type Description TOTAL 11/1/2011 2011 $ - Total Interest Paid $ - Total Interest Paid Deduction Amount $ - CHARITABLE CONTRIBUTIONS (CASH AND NON-CASH) Date Tax Year Name of Person/Organization Description TOTAL INCOME TAX DEDUCTION WORKSHEET 11/1/2011 2011 Total Charitable Contributions $ - Total Charitable Contributions Deduction Amount $ - CASUALTY AND THEFT Date Tax Year Description TOTAL 11/1/2010 2010 $ - Total Casualty and Theft $ - Total Casualty and Theft Deduction Amount $ - EMPLOYMENT EXPENSES Date Tax Year Type Description TOTAL 11/1/2010 2010 Total Employment Expenses $ - Total Employment Expenses Deduction Amount $ - MISCELLANEOUS Date Tax Year Description TOTAL 11/1/2010 2010 $ - Total Miscellaneous $ - Total Miscellaneous Deduction Amount $ - TOTAL ESTIMATED INCOME TAX DEDUCTIONS $ 12,050 © Copyright 2013 Docstoc Inc.
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