For the past 4 years, my husband and I have been filing a joint income and each year, we simply use the general deduction. A colleague told me it would be wiser to apply for itemized deductions. But, I am not sure what I can include.
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Life/Health Insurance under ING - How much can a person file for? I pay around 80,000/year. My son pays 15,000/year. ING sends me a statement for tax purpose.
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House Payments - We just bought a house and are paying a monthly installment of 30,000. Can I include the amounts we have paid so far? Should I get a certificate from the bank as proof?
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What other items can I include?
Family situation: Husband works, wife works (but school does not give tax receipt), 2 kids (one in elementary, the other still a toddler)
Given this scenarion, should I apply the general deduction or the itemized deduction?