Articles related to tax deductions
Personal Tax Deductions - Tax Planning: U.S. - About.com
Deductions reduce a person's taxable income. There are a variety of personal expenses for which a tax deduction could be taken. Topics include the standard ...
Income Tax Deductions - Tax Planning: U.S. - About.com
Deductions reduce your taxable income, and can be useful for reducing US federal income tax. Some deductions are related to business income, while other ...
Charity Donations are Tax Deductible - Tax Planning: U.S. - 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 ...
Itemized Deductions for Form 1040 Schedule A - Tax Planning: U.S.
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 ...
Federal Tax Deduction for Sales Taxes
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 ...
Property Tax Deduction - Tax Planning: U.S. - About.com
Jul 30, 2013 ... Individuals can deduct the cost of property tax as an itemized deduction on their federal tax return.
Overview of the American Opportunity Tax Credit - Tax Planning: U.S.
American Opportunity Tax Credit is a refundable tax credit for undergraduate college education expenses. This credit provides up to $2,500 in tax credits on the ...
Claiming Home Mortgage Interest as a Tax Deduction
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 Do Tax Deductions Work To Lower Income Tax Owed
Learn how a tax deduction plan can lower your current taxes.