5.Do find out if you have any miscellaneous insurance expenses that can be deducted: Various miscellaneous expenses may be deductable for some persons but are subject to amounts over 2% of one's adjusted gross income. Insurance related miscellaneous expenses may include unreimbursed employee malpractice insurance and liability insurance premiums, appraisal fees for casualty losses not reimbursed by insurance, safe deposit box rentals to store investment papers such as insurance annuities. The remaining unrecovered investment in an insurance annuity may be deducted from a retiree's tax return if they are deceased before the entire investment is recovered.

6.Do see if you can deduct any job-related moving storage expenses: Some persons may be able to deduct certain moving expenses including the cost of storing and insuring household goods and personal items. The deduction is only eligible during any 30 consecutive days after the items are moved from the previous home and before they are delivered to the new home.

7.Do check your previous tax returns for the above insurance deductions: Tax returns can be amended for up to three years so if one feels they had qualifying deductions on previous tax returns that they did not claim, they may be able to amend the return to include the deduction and receive any refund if applicable. Additional copies of previous year's tax returns can be purchased from the IRS.

8.Don't forget to report unemployment insurance benefits: It is important to remember that unemployment insurance compensation is considered taxable income so one must report any state or federal unemployment insurance benefits they received during the tax year they are filing for.

9.Don't report casualty and theft losses reimbursed by insurance: Damages from losses due to perils on your home such as floods and tornadoes, and losses due to damage to one's automobile may be deductible if one itemizes deductions. The losses need to be reduced first by any insurance amount received + $100 and then the loss must furthermore be reduced by 10% of one's adjusted gross income.

10.Don't report worker's compensation insurance benefits as income: Worker's compensation along with child support payments, military allowances, veteran's benefits, welfare benefits and cash rebates from a car purchase are not considered taxable income.