On-Demand Drivers On-demand drivers for ridesharing companies, such as Uber or Lyft, are not employees and are instead considered independent contractors for tax purposes. Being an independent contractor means you are sel...

Limit on Taxes Paid The itemized deduction for state and local taxes paid is limited to $10,000 ($5,000 MFS). State and Local Income or General Sales Taxes A taxpayer can elect to deduct either state and local sales taxes...

Medical Expenses Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. Medical expenses include the co...