1.   But self-employed people can only deduct part of their insurance costs, and workers who do not get insurance from their employers get no deduction.

2.   Employers get a deduction when employees exercise options, but as Kay and other compensation consultants note, these days few are cashing them in.

3.   Home buyers also need to remember they get a deduction for mortgage points, he added.

4.   If you try to get a deduction for anything you describe as art or an antique, that will likely raise a red flag with the IRS.

5.   In return, you get a deduction for the fair market value of that percent.

6.   Individuals and corporations might well give far less to charities if they could not get income tax deductions.

7.   Some got tax deductions and none of the donors had to publicly disclose their contributions.

8.   The charity will eventually get the money, and the donors get big deductions with an assurance of high income if they live a long time.

9.   The company gets a deduction for any contribution, and employees do not pay any tax until they receive the benefit.

10.   They then get a deduction for the full amount of the proceeds, without incurring any capital-gains tax on the stock appreciation.