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- 1). Read Form 1040 Schedule A. Make note of any of the deductions listed on the page that you normally spend money on during the year.
- 2). Read Publication 529, making notes of any expenses you have in a normal year. Since this document is not as well laid out as Form 1040 Schedule A, you may want to write out your common deductions in order to remember the deductions.
- 3). Watch your expenses during the year. The only way to reduce your itemized deductions is by not spending money on the deductions. Reading and knowing the deductions allows you to actively watch what you spend your money on.
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