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Income Tax Deduction Worksheet

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Income Tax Deduction Worksheet Powered By Docstoc
					                                    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



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DOCUMENT INFO
Description: 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.
This document is also part of a package Personal Financial Planning Kit 28 Documents Included