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
-
10 astute tax moves in 2010
Start saving today on next year’s taxes with these simple strategies for lowering your IRS bill.
5 min read Dec 29, 2009 -
When to deduct travel expenses
A tale of two business offices, thousands of miles apart: Can travel expenses be deducted?
1 min read Oct 13, 2009 -
Deducting court-ordered COBRA payments
In a divorce, the medical expenses of the ex-spouse may be deductible as alimony.
2 min read Aug 04, 2009 -
Should tax fears alter retirement plan?
Tax diversification remains a cornerstone of a sound 401(k) retirement savings strategy.
1 min read Aug 03, 2009 -
2009 tax holiday schedule
Find out if your state offers tax breaks on back-to-school shopping and the rules for the discount.
8 min read Jul 30, 2009 -
Figuring car depreciation
There are several factors in figuring the depreciation rate on a car used for business.
2 min read Jun 23, 2009 -
Video: Miscellaneous itemized deductions
Items in the miscellaneous category may help reduce your tax bill.
Apr 15, 2009 -
How do I: Calculate my taxable income?
Doing your taxes can be a headache, and figuring out your taxable income is no exception.
2 min read Jan 25, 2009 -
Home office can have hidden tax costs
Claiming a home office deduction has many tax benefits, but it has some drawbacks.
7 min read Jan 22, 2009 -
Maximizing farming deductions
Don’t fence in your CPA if you want to claim all your farming business deductions.
2 min read Jan 13, 2009