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Deductions without itemizing

February 23, 2011

As I mentioned earlier this week, tax filing season is like a big scavenger hunt for tax deductions.

Above-the-line-1040-2006 (2) Most of the time, when people hear the word "deduction" they associate it with itemizing expenses on Schedule A.

But there are more than a dozen so-called above-the-line deductions available directly on Form 1040. Four of them are found on Form 1040A.

Technically, these are adjustments to income. You use them to whittle your gross income down to a smaller adjusted gross income level. Each step you take in reducing your overall income means your taxable income, and therefore your tax bill, will be lower.

These adjustments get their above-the-line nickname because they are subtracted like deductions and they appear above the last line on the first page of the 1040 and 1040A.

Among the popular write-offs are claims for tuition and fees, educator expenses, traditional IRS contributions, student loan interest, alimony payments, moving expenses and a collection of self-employment related expenses. These, and more, offer you ways to cut your taxes without itemizing.

No one is eligible to claim all of these diverse above-the-line deductions, but you might find a few that could help save you some tax dollars. So take the time to check them out.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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