As the filing of income tax nears, people are surely in the hunt for the 2010 tax return deductions. For those of you who may not be familiar with it, these deductions are designed to provide tax return adjustments to certain individuals.

Expenses that are work or income related can be deducted from the amount of 2010 federal income tax you would need to pay. Part of the expenses that could also be deducted in your Tax Return statement is Goods and Services Tax or GST.

Some of the most common federal income tax return deductions for 2010 that you should consider are expenses on self-education, car expenses, home office expenses, sickness and accident insurance, depreciation of assets used in work and medical expenses.

There are also uncommon tax deductions that people often miss. These may include casualty deductions, charitable contributions and exemption amount for qualified dependents.

Casualty deductions can be availed by persons living in places that have been declared as a disaster area. If you are a victim of the recent natural catastrophes such as fires, floods and snowstorms, considering this type of tax return deductions could surely make you save on money.

Meanwhile, charitable contributions to qualified organizations and groups can also be lessened from your 2010 federal income tax returns. You could also enjoy deductions if you have qualified dependents. As the law stipulates, qualified dependents can be your children or immediate relatives who have disabilities or are under the age of 19. Your brother, sister, step brother or stepsister could also qualify as your dependents provided they are still a student and not more than 24 years old.

There are a lot of ways for you to get discounts on your tax. So don’t be afraid to look for the 2010 tax return deductions that would be applicable to you.