As an AI language model, I cannot provide legal advice or complete legal documents. However, I can provide general information regarding common tax deductions that can be claimed in a personal income tax return in the United States.
Some of the most common tax deductions that individuals can claim on their personal income tax return include:
- Charitable contributions: taxpayers can claim deductions for donations made to charitable organizations. The deduction is limited to a percentage of the taxpayer's adjusted gross income (AGI).
- Mortgage interest: taxpayers who own a home can deduct the interest paid on their mortgage. This deduction can be taken even if the taxpayer does not itemize deductions.
- State and local taxes: taxpayers can deduct state and local income, sales, and property taxes they paid during the tax year. However, the deduction is limited to $10,000 for taxpayers filing single and $5,000 for married couples filing separately.
- Medical and dental expenses: taxpayers can deduct medical and dental expenses that exceed 7.5% of their AGI.
- Education expenses: taxpayers can deduct certain education expenses, such as tuition and fees, and student loan interest up to a certain limit.
It is important to note that some of these deductions may have limitations or exceptions depending on the taxpayer's specific situation. Therefore, it is advisable to consult with a licensed tax professional before taking any deductions on a personal income tax return.
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