Tax Deductions

Latest Tax Deduction Articles

• Your foreign stepchildren may be qualifying relatives for tax purposes

  You may be able to claim exemptions for your stepchildren from Mexico. Here’s how.

  3 min read Mar 01, 2016

  

• 8 foolhardy, silly and outrageous tax deductions: Bankrate’s 2016 edition

  Some taxpayers actually try to write off things like tattoos and dance lessons.

  5 min read Feb 26, 2016

  

• Can I defer passive activity loss to next year if earnings are too high?

  You can only deduct real estate losses to offset gains, but there are a couple of exceptions.

  2 min read Feb 16, 2016

  

• Cash in on uncommon charitable tax breaks

  These oddball charitable deductions can help your favorite nonprofit — and cut your tax bill.

  4 min read Dec 30, 2015

  

• Capital losses can help cut your tax bill

  Taking a loss can pay off at tax-filing time, as long as you sell by the end of the tax year.

  4 min read Dec 16, 2015

  

• Cut taxes with early mortgage payment

  Cut your tax bill by paying your January mortgage and property taxes in December.

  3 min read Dec 09, 2015

  

• Carson: End mortgage interest tax deduction

  Presidential candidate Ben Carson needs to do away with deductions if his flat-tax plan is to work.

  2 min read Nov 12, 2015

  

• Tax exclusion for savings bonds simplified

  Plan to tap savings bonds to pay for education? Avoid getting schooled by the taxman.

  2 min read Sep 25, 2015

  

• Tax help for business, pleasure trips

  A vacation can be even more satisfying when you get financial help via the tax code.

  4 min read Sep 02, 2015

  

• Tax breaks dead until Congress revives them

  More than 50 tax provisions have expired. Will Congress renew them?

  3 min read Aug 26, 2015