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
These oddball charitable deductions can help your favorite nonprofit — and cut your tax bill.
Depreciation lets you spread the cost of a fixed asset over its useful life.
Leasing or buying a car for business can have tax benefits. Which is right for you?
You don’t have to meet a high hurdle to deduct premiums if your small business is profitable.
Whether or not you can deduct the interest on home equity depends on several factors.
You can pay a friend to drive your car and deduct the cost if you meet certain tests.
You need to find out what happened to your tax refund and why your payment wasn’t applied.
To figure out how much you’ll owe next year, recalculate your taxes as a single filer.
Victims in a disaster area may claim losses early to obtain much-needed cash.
The interest on the home you bought for your in-laws may be deductible in these cases.