2010 IRS tax deductions are something that you should definitely be aware of. Utilizing these deductions in 2010 IRS tax returns can definitely help you in lowering your tax liability.

But not all the people who file returns are aware of this. You can choose different tax deductions according to your financial status. On a side note, check out my recommended Tax filing software that already allows users to take advantage of a lot of tax deductions

So, here are the 3 important tax deductions that you should be aware about -

1. Governmental Taxes Deduction - This governmental deductible tax is included can help you in resolving the issues regarding on your income, personal property as well as your real estate and many more. In order to claim this kind of deductions in 2010 taxes, just simply review the amount of money your employer deducts from your salary where you can view at W-2 form. In your 1098 forms try to look for your mortgage summary making sure your property taxes is listed and if you are the one who pay your property taxes just include all the bills you paid for that year in your property taxes. In case you have your own car and you also pay for its taxes you can add it to your deductible items.

2.  2010 Points or Interest tax deduction - In various cases an individual can claim a mortgage interest if the criteria are met. For Example, if you have taken a mortgage from a US Bank or Mortgage Company, an IRS 1098 form will be sent to you where it indicates the amount of interest you paid for that year which is tax deductible

But, IRS excludes several items,

    * Personal Interest loan to purchase car for personal use.
    * Personal Interest came from credit cards and installment interest for personal expenses.
    * And these are the items you cannot include in interest deductions if you are a seller, service
    * charges, credit investigation fees, and any related tax exempt income.

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3. 2010 IRS  Tax deduction for Car Donation

You can also use your car as a deduction for your taxes. In case you want to donate your car just choose a charitable constitution that is allowed by the federal government and offers tax deduction for used car. In terms of donating your used car make a notice saying that your car is drivable or not so that they will hire a tow truck just to get the car you donated.

Above mentioned are just 3 deductions. There are hundreds of more deuctions that you can take advantage of when filing 2010 Tax returns. Click on this link to check out this tax software that can allow you to take adavantage of all these deduction in 2010 IRS tax return.