Articles related to tax deductions
Charity Donations are Tax Deductible - Taxes - 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 ... - Taxes
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 - 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 ...
Tax Deductions for Charitable Donations - Nonprofit - About.com
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
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 ...
Personal Tax Deductions - Taxes - 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 ...
How To Write Off Medical Expenses as a Tax Deduction
Preparing your income taxes? You're probably looking for as many tax deductions as possible. Medical care is expensive, so if you can write off the cost of your ...
Property Tax Deduction - Taxes - About.com
Jul 30, 2013 ... Individuals can deduct the cost of property tax as an itemized deduction on their federal tax return.
Student Loan Interest Tax Deduction - Taxes - About.com
You can claim up to $2500 of student loan interest you paid as an above-the-line tax deduction on Form 1040.
State and Local Income Tax Deduction - Taxes - About.com
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 ...