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Articles related to tax deductions

Charity Donations are Tax Deductible - Tax Planning - About.com
Donations to charity are tax deductible expenses. These donations can reduce your taxable income and lower your tax bill. Not everyone will be able to deduct ...
Federal Income Tax Deductions - Learn more about how Deductions ...
Deductions reduce your taxable income, and can be useful for reducing US federal income tax. Some deductions are related to business income, while other  ...
Claiming Home Mortgage Interest as a Tax Deduction - Tax Planning
Home Mortgage Interest is a tax-deductible expense. Mortgage interest is reported on Form 1040, Schedule A along with other itemized deductions such as real ...
Tax Deductions for Charitable Donations - Nonprofit Charitable Orgs
There are plenty of reasons to give to charity, not least of which is that you can often take a tax deduction. Here is how it works.
How to Deduct Car and Truck Expenses for Taxes - Tax Planning
Learn what car-related expenses are tax-deductible, what records to keep, and how to report this on your tax return. Includes standard mileage rates.
Federal Tax Deduction for Sales Taxes - Tax Planning - About.com
Sales tax may be a deductible against your federal income taxes. This is an itemized deduction and is claimed on Schedule A. The sales tax deduction is ...
How Do Tax Deductions Work To Lower Income Tax Owed
A tax deduction can decrease the amount of your taxable income and thereby reduce the amount of income tax you owe. Tax deductions are one way that the ...
Claiming a Tax Deduction for Educator Expenses - Tax Planning
If you are a teacher and you paid for classroom supplies and other materials out of your own pocket, you can claim those expenses as a tax deduction.
Qualified Performing Artists Expenses: Tax Deduction - Tax Planning
Qualified performing artists, members of the Reserve or National Guard, and fee- based government officials can claim job-related expenses as a tax deduction.
Itemized Deductions for Form 1040 Schedule A - Tax Planning
Itemized deductions refers to a group of tax deductions found on Form 1040 Schedule A. People can claim either the standard deduction or choose to itemize  ...
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