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 ...
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 ...
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 ...
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 ...
How Do Tax Deductions Work To Lower Income Tax Owed
Learn how a tax deduction plan can lower your current taxes.
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 ...
State and Local Income Tax Deduction
Individuals who take the itemized deduction can deduct the cost of state and local income taxes on their federal tax return. There are obvious advantages that ...
Overview of the American Opportunity Tax Credit - Tax Planning: U.S.
The 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 ...
Tax Breaks for Single Parents - About.com
Don't miss these 5 tax breaks for single parents. Includes links to resources provided by tax professionals and the IRS.
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 ...