Tax Deductions
A tax deduction reduces the amount of income that is subject to taxation by federal and state governments. View the current standard deduction amounts and other tax deduction information.
Tax Basics
Latest Tax Deduction Articles
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Plan for taxes due on a Roth IRA conversion
Before converting your traditional IRA to a Roth account, ask yourself these key questions.
5 min read Mar 05, 2010 -
Deducting sales tax on a new car
This year, even taxpayers who claim the standard deduction can take advantage of this tax break.
4 min read Feb 11, 2010 -
10 wackiest tax deductions for 2010
Writing off the cat as an ‘exterminating expense’? It’s just one of 2010’s wackiest tax deductions.
6 min read Feb 09, 2010 -
7 new tax laws to know
Several new tax laws made it into the IRS Code. See which ones might help cut your tax bill.
4 min read Feb 01, 2010 -
Writing off a tax loss on a franchise
Before determining the amount of tax loss on a franchise, make sure to amortize.
2 min read Jan 21, 2010 -
Sales tax deduction for a new roof?
When it comes to home renovations like a new roof, the sales tax deduction can get confusing.
2 min read Jan 19, 2010 -
Bankrate’s 2010 Tax Guide: Filing & refunds
Get it done right the first time with this advice on free filing, e-filing, documentation and refunds.
Jan 05, 2010 -
Bankrate’s 2010 Tax Guide: Family and education
You care for your children and dependents all year. At tax time Uncle Sam may take care of you.
Jan 05, 2010 -
2010 Tax Guide: Realty/capital gains
Home, sweet home. Your home is likely your biggest investment and it affords you some great tax breaks to boot.
Jan 05, 2010 -
Bankrate’s 2010 Tax Guide: How do I …?
We’re here to help make your tax preparations easier than ever!
Jan 05, 2010