Considering the Schedule A Form?
There's nothing wrong with trying to reduce your tax bill as much as possible--the big corporations do it! Do you know if it behooves you to itemize? The IRS allows people to take what is called a standard deduction, and the amount varies according to household size and marital status.
The person who has excessive medical or business expenses or someone who donates a lot of money to a charitable organization (your church and your children's school both fall into that category) can add up the amounts involved, but you can only deduct a small percentage of each of those categories. Using the form called Schedule A is the way to calculate whether your itemized deductions would exceed the standard deduction.
If you donate to a charitable organization, it must qualify under 501(c)(3) standards, and you must have a receipt. There is also an Earned Income Credit available to people who take the standard deduction, but whether you can take it depends on your income level and whether there are dependents in the household.
For all your medical expenses, which include the premium your employer deducts from your paycheck, your deductible amount is limited to costs that exceed a percentage of your total income. We also have advice for people with health savings accounts (HSA) and flexible spending accounts (FSA).
Learn, too, whether you can deduct any of your bank fees, and whether you file as an individual or a small business. It's also possible to include summer day camp expenses (think vacation bible school or band day camp) for your dependents under age 13 if you work while they go to camp.