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

Can you deduct credit card fees?

Personal credit card use is almost never eligible for a deduction come tax season, but if you’re using a business credit card you can likely deduct your fees.

2 min read

Latest Tax Deduction Articles

  • Bankrate’s 2009 Tax Guide

    Bankrate’s 2009 Tax Guide provides all the tools and information you need to successfully file your 2008 return.

    1 min read Jan 02, 2008
    Placeholder image
  • Daily tax tip

    Beginning Jan. 2 and continuing each weekday through April 15, you’ll find a new tax tip here to help you complete your return. Note: The URL will remain the same, but the tip will change daily.

    2 min read Dec 31, 2007
    Placeholder image
  • Are you moving this year?

    Track all your expenses, from packing materials to cleaning supplies, and get a possible deduction on your taxes.

    1 min read Dec 17, 2007
    Placeholder image
  • Taxes made easy

    The most dreaded three-letter word in the English language: tax. We explore this boring and complicated subject.

    1 min read Dec 17, 2007
    Placeholder image
  • Window tinting can mean a tax credit

    You may still be able to recoup part of the cost of this simple energy-saving home improvement through a credit on your 2007 tax filing.

    4 min read Jul 16, 2007
    Placeholder image
  • Writing off travel expenses

    You can deduct reasonable and ordinary travel expenses when away from home on a temporary work assignment, says CPA George Saenz.

    2 min read Mar 27, 2007
    Placeholder image

The trusted source for financial information, used by

The New York Times
CNBC
AP
The Wall Street Journal
CNN
Forbes