Tax Breaks
Don't forget these 10 tax breaks when filing
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.
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Tax Deductions For Homeowners
Find all the deductions for homeowners
Small Business Tax Deductions
Discover tax deductions available for business owners
Tax Brackets
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Income Tax Calculator
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Tax Basics
Apr 15, 2019
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Latest Tax Deduction Articles
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Jan 05, 2017Standard or itemized tax deduction?
You have to do some math to determine which method to use, but it’s worth it.
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Oct 19, 2016Get disaster relief from the IRS
Victims of Hurricane Matthew or other disasters may claim losses early to get cash.
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Sep 20, 2016Trump’s tax deduction change upsets charities
Donald Trump’s revised tax plan is less costly, but at the expense of those who contribute to charities. They would lose more of the value of their itemized deductions.
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Aug 16, 2016IRS rejected my claim for Dad as an exemption on my return. How do I fix this?
You tried to take an exemption on your father, but the IRS said no. Find out why.
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Jul 27, 2016Tax rules on renting your vacation home
Want to put your vacation home to work? Rent it. Just make sure you follow the IRS rules.
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May 17, 2016Investor can take depreciation expense and other deductions for rental property
You can’t write off your mortgage payments, but there are other tax breaks.
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Apr 19, 2016Know the tax rules when claiming head-of-household filing status
You must be considered ‘unmarried’ to file as head of household. Here’s what that means.
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Apr 12, 2016Claiming a dependent parent who draws Social Security on my tax return
You can’t write off your Mom’s income, but you may be able to claim her as a dependent.
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Apr 05, 2016Capital loss carryover rules for long-term capital asset loss of $100,000
You can carry over losses on certain capital assets forever, but it’s not simple.
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Mar 01, 2016Your foreign stepchildren may be qualifying relatives for tax purposes
You may be able to claim exemptions for your stepchildren from Mexico. Here’s how.