View the current standard deduction amounts and other tax deductions for the 2012 tax year.

Tax deductions for 2012

• Taxes
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• Tax Deductions

• • Get deduction for school loan or take lower rate?

    

    Your marginal tax rate determines if you should stick with a student loan or get a family loan.

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• Real Estate and Property Taxes

• • How 3 homeowners fought their property tax bills

    

    Property taxes are appealing only when that means you're fighting them. See how it's done.

• Tax deductions

• • Can you deduct building materials for new home?

    You can deduct taxes paid on building materials if you buy them directly, among other criteria.

  • How to get disaster relief from the IRS

    Victims of a presidentially declared disaster can use their tax filing to obtain much-needed cash.

  • Can I get a tax break for my rental home?

    You can claim two tax deductions: the mortgage interest and depreciation for the property.

• Charitable Giving

• • Donating a vehicle to charity

    How the charity uses the vehicle you donate affects your deduction.

  • Cash in on uncommon charitable tax deductions

    Atypical charitable deductions can help your favorite charity and help to cut your tax bill.

  • Donate your home to a church, get a tax deduction

    Lord knows that if you give your house, you'll receive a greater reward: lower taxes.

• Standard Deduction
• • 1040 tax calculator What is your tax bracket? Payroll deductions 401(k), 457 and 403(b) payroll deductions 125 cafeteria plan Convert IRA to Roth
  • Mileage Deduction

  • • 2012-2013 mileage rates

      

      You can deduct mileage for travel pertaining to business, moving, medical and charitable purposes.