You assume the IRS wants as much information about your financial life as possible. And that's typically true -- except when you sell that Atlanta, GA real estate and make a profit of less than $250,000 (or less than $500,000 when you file a joint return with your spouse). If you meet those qualifications, and if you have lived in that home for two of the five years before you sell, the IRS doesn't want to hear about your home sale, because the profit you make is excluded from being taxed under U.S. Code Section 121.

The IRS grants some tax deductions for home sellers. Getting the deductions requires that you itemize your taxes, admittedly a tedious job, but one that is probably worth your while. Here are five tax deductions you should take this year.

If you don't qualify for the 121 exclusion, you will owe taxes on any profit, so make sure you deduct all your selling costs from your gain. You can deduct the following, according to Nolo:

• Your real estate agent's commission • Legal fees • Title insurance • Inspection fees • Advertising costs • Escrow fees • Legal fees

And there's another consideration. You might qualify for a partial exclusion if you sell your home due to circumstances involving divorce, change in employment, change in health, or other unforeseen circumstances.

If you have to sell your house because you're relocating for work, you might be able to deduct some of your moving expenses, says Chantay Bridges, a licensed senior real estate agent in Los Angeles, CA.

"You can deduct your property taxes for the portion of the year that you owned the home up to, but not including the date of the sale," according to the IRS. The buyer pays beginning from the sale date.

If you make home improvements that help sell your home (like replacing a leaking roof or defunct HVAC system), and if they are made within 90 days of the closing, they are considered selling costs, which are deductible.

If you paid mortgage points to lower your interest rate when you refinanced your home, you might qualify for an additional deduction, says Bridges. Because you can deduct a proportional share of the points until the loan is paid, when you pay off the loan through a sale, you can "deduct the remaining value of those points," says Goodwin.

Tax deductions are fickle. They "can vary from state to state and from year to year," says Bridges, who suggests that home sellers check with a tax expert to confirm the deductions are still available at the time of the sale.

There is also some confusion regarding deductions. Sean P. Storck, a certified financial planner and enrolled agent with Rawdin-Baron Financial in California, explains that the biggest misconception concerns repairs, and that "generally speaking, anything done in the course of maintaining property for normal use is nondeductible.

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