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Senior Tax Deductions and Credits
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Mortgage Interest Deduction
Deduction for interest paid on a mortgage
Medical and Dental Expenses Deduction
Deduction for health-related expenses
Property Tax Deduction
Deduction for property taxes paid
Long-Term Care Insurance Deduction
Deduction for premiums paid on long-term care insurance
Charitable Contributions Deduction
Deduction for donations to qualified organizations
Sale of Stock Deduction
Deduction related to capital losses from the sale of stocks
Retirement Accounts Contributions Credit
Credit for contributions to retirement accounts
Disability Deduction
Deduction for seniors with a permanent disability
Investment Interest Expense Deduction
Deduction for interest paid on money borrowed to make investments
Senior Tax Credit for the Elderly
Non-refundable credit for low to moderate income seniors
Education Credit
Credit for expenses related to higher education
Home Sale Exclusion for Seniors
Increased exclusion amount for sale of home for qualifying seniors
Earned Income Tax Credit
Credit for low to moderate income working seniors
Capital Gains Exclusion
Exclusion of capital gains from the sale of primary residence
Standard Deduction
Increased amount for seniors
Adoption Credit
Credit for qualified adoption expenses
Dependent Care Credit
Credit for care expenses of a dependent senior
Energy Efficiency Credits
Credits for home improvements that enhance energy efficiency
Credit for the Elderly or Disabled
Credit for low-income seniors or disabled
Business Expense Deduction for Self-Employed
Deduction for business expenses if self-employed
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