Gambling loss deduction (only to the extent of gambling winnings reported on your tax return) Home mortgage interest (Related read:Mortgage interest tax deduction) Unreimbursed dental and medical expenses (AGI threshold is 7.5%), including health insurance premiums paid with after-tax income Other s...
If you and your parent meet IRS requirements, you’ll be able to claim an added personal exemption on your income tax return.Then there are possible deductions and credits. If you pay medical expenses for a dependent parent, you may be able to deduct some of those costs. Hire a caregiver...