24 and 25

24. Keeping track of which of the following expenses in your tax receipt file, will allow you to itemize deductions when filing your state and federal income taxes: a. Medical Travel Expenses: mileage, taxis, bus fare, parking fees and tolls. b. Health Insurance and Medical Expenses: Health Insurance and Long Term Care insurance premiums, as well as prescription drugs are deductible. c. Real Estate Taxes and Home Sales Costs: points and condo fees d. Volunteer and donation related expenses: ingredients and transportation costs Job Search Expenses: agency placement fees, resume printing costs, travel expense f. Tax and investment-related expenses: advisor fees and subscription costs g. all of the above h. a, b, e, f 25. Match the following tax planning concepts: Tax Deductible a. Life Insurance Death Benefit Tax Qualified I b. Municipal Bonds Tax Exempt C. 401K, IRA, Roth Tax Free d. Itemizing Receipts