I am going to resort to professional help this year, but I have to admit, it is not easy finding a tax attorney +/- accountant with experience filing taxes SPECIFICALLY for doctors (and even more specifically, 1st year residents). Here is what I have heard from various sources is tax deductible, along with a few comments. Some of these are obvious, indisputable deductions. Others, well, I'm not so sure. Anyone got any input? 1. Housing: Mortgage interest. If you bought a house like I did, I know we can deduct the interest on the mortgage. I have also heard that if you paid an origination fee on your mortgage, it is tax deductible, too. Perhaps other closing costs are as well? 2. Tuition. That's right -- if you finished med school in May 2005, I heard that the pro-rated portion of your last year of medical school corresponding to Jan-April 2005 is a write-off. 3. Office space. If you own your own home and one room is a dedicated office space, I have heard from various sources (and I stress, none of them definitive!) that we can write this off in some way, shape or form. Comments anyone? 4. Licensing costs: Did you pay for your medical license? Is this a professional deduction? The same argument could, perhaps, be made for several other ancillary fees e.g. fees for ERAS, fees for the USMLE steps... 5. Other items that you can prove are used mostly for your professional life, e.g. that sporty new laptop you bought, or your digital camera that is used to collect images for your presentations. Anyway have any experience with this? Once again, I emphasize I am not sure this is possible... 6. I have heard that interest paid on student loans is deductible. Even if you have deferred your loans for, say, 6 months, your loans are still getting capitalized and some of that should be deductible. 7. Moving expenses. I wish. But I have heard that the only way this is legal is if you were already a doctor before you started residency, i.e. the moving expenses deduction only applies when you are going from one JOB to another, not from being a medical student to working. 8. Travel costs for interviews -- rental cars or mileage, gas costs, hotels and accomodation, air fares, meal costs... I have YET to hear a definitive opinion on this from any of my lawyer/accountant friends... Like I said, a lot of these questions are, admittedly, best handled by a tax professional, but I've yet to find one. I'd be interested in hearing any input from anyone here as well as maybe an indication of your sources so I (we all) can guage if it is something that we can take to the bank (so to speak) or if it is merely hearsay. Also, if anyone can recommend a good tax specialist, let me know!