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.
Don't forget these 10 tax breaks when filing
Find all the deductions for homeowners
Discover tax deductions available for business owners
View 2017 federal tax brackets
Get an estimate of your total taxes owed
Steer clear of forbidden tax deductions, but note these exceptions to the rules.
Don’t cheat yourself. Even savvy small-business owners forget about these deductions.
Determine which is best for you — the simplified or the regular home office deduction.
Find out the rules of claiming dependents on taxes, whether it’s your child or relative.
Are you caring for an aging parent? If so, you may qualify for some tax relief.
You can write off certain job-hunting expenses, but there are rules and limits.
Tax breaks on hobby income are less favorable than for a business. Here’s how it works.
Some taxpayers will try anything to reduce their taxable income, say seasoned CPAs.
Do you pay or receive alimony payments? If so, pay attention to these tax rules.
The sales tax deduction is a boon if you itemize and don’t have a state income tax.