Tax Deduction for Private School - Questions from Readers

Tax Deductions & Figuring Your Tax

Make the most of your tax deductions. Take the larger of your standard deduction or your itemized deductions. Tips for figuring your tax liability.

Dear Tax Guide, Can I take a tax deduction for the money I send to my son in prison? You cannot take a tax deduction for money spent on your son. But if your son lived with you for more than 6 months of the year before being incarcerated, you may be

Tax Deductions to Reduce Your Tax Bill

Lower your tax bill by taking advantage of deductions and tax credits. Tips for preparing your taxes.

Health insurance tax deduction for all?

If you contributed to a traditional individual retirement account (IRA), you can take an above-the-line tax deduction for your contribution on Form 1040. Your deduction reduces your taxable income dollar-for-dollar.

If you have self-employment income, then you can take a deduction for half of your Self-Employment Tax. Self-employment income includes any of the following: net profit from a Schedule C, guaranteed payments from a Partnership, or wages from an S-Cor

Are Classroom Expenses Tax Deductible?