Articles related to tax deductions
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 ...
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 Tax Deduction for Sales Taxes
This is an itemized deduction and is claimed on Schedule A. The sales tax deduction is available only for the years 2005 through 2013. For 2014 and later, the ...
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 ...
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 ...
Child and Dependent Care Tax Credit
Individuals who pay for day care expenses for their children or disabled adult dependents may be eligible for a federal tax credit of up to 35% percent of the cost ...
Student Loan Interest Tax Deduction - Tax Planning: U.S. - About.com
Student loan interest is a tax deduction found in the adjustments to income section of Form 1040 or 1040A. That means you can take this deduction in addition to ...