Tax Deductions / Credits

Learn the important difference between these two ways of reducing your tax bill, and how you can use every tax benefit you're eligible to take.

Taxes

Income Tax
Charitable Donations
Tax Deductions / Credits
Tax Laws & Regulations
Property Tax

Tax Deductions That Went Away This Year

Here are the tax deductions that went away with The Tax Cuts and Jobs Act.

Mortgage Interest Tax Deduction
Tax Breaks for Second-Home Owners
Homestead Exemption Definition

Standard Deduction Definition
Tax Credit Definition
How Much Does a Dependent Reduce Your Taxes?
Modified Accelerated Cost Recovery System (MACRS) Definition
Section 1244 Stock
When is Mortgage Insurance Tax Deductible?
Form 1045: Application for Tentative Refund Definition
Form 2106-EZ Definition
Form 5405: First-Time Homebuyer Credit and Repayment of the Credit Explanation
Form 3903: Moving Expenses Definition
15 Tax Deductions & Benefits for the Self-Employed
Additional Personal Allowance Definition
Itemized Deduction
Insurance-based Tax Deductions You May Be Missing
How to Deduct Stock Losses from your Tax Bill
What Does Filing As Head Of Household Mean For Your Taxes?
Earned Income Credit (EIC)
Tax Deduction
Long-Term Capital Gain or Loss
The Most Overlooked Tax Deductions
Additional Child Tax Credit
Capital Loss Carryover
Child Tax Credit
Tax-Loss Harvesting
Tax Avoidance
Tax Shield
Form 4952 Overview
Foreign Tax Credit
Tax Deductible Interest
Property Tax Deduction
Form 4684: Casualties and Thefts Overview
Business Expenses
Deduction
I sold my house. Can I exclude the gain from my income?
IRS Publication 530: Tax Information for Homeowners
Annual Investment Allowance (AIA)
IRS Publication 529 (Miscellaneous Deductions)
Qualified Production Activities Income (QPAI)
Tax-Exempt Interest
Dividend Tax Credit
Unified Tax Credit
Ordinary And Necessary Expenses (O & NE)
Section 1031
Ordinary Loss
Qualifying Relative
Hope Credit
IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses
Deductible
Exemption
Non-Refundable Tax Credit
Deferred Gain On Sale Of Home
Recapture
Give Your Taxes Some Credit
American Opportunity Tax Credit
Home Office
Travel Expenses
IRS Publication 524 (Credit For The Elderly Or The Disabled)
Principal Residence
Fractional Gift
General Business Tax Credit

Tax Deductions / Credits

Learn the important difference between these two ways of reducing your tax bill, and how you can use every tax benefit you're eligible to take.

Tax Deductions That Went Away This Year

Mortgage Interest Tax Deduction

Tax Breaks for Second-Home Owners

Homestead Exemption Definition

Standard Deduction Definition

Tax Credit Definition

How Much Does a Dependent Reduce Your Taxes?

Modified Accelerated Cost Recovery System (MACRS) Definition

Section 1244 Stock

When is Mortgage Insurance Tax Deductible?

Form 1045: Application for Tentative Refund Definition

Form 2106-EZ Definition

Form 5405: First-Time Homebuyer Credit and Repayment of the Credit Explanation

Form 3903: Moving Expenses Definition

15 Tax Deductions & Benefits for the Self-Employed

Additional Personal Allowance Definition

Itemized Deduction

Insurance-based Tax Deductions You May Be Missing

How to Deduct Stock Losses from your Tax Bill

What Does Filing As Head Of Household Mean For Your Taxes?

Earned Income Credit (EIC)

Tax Deduction

Long-Term Capital Gain or Loss

The Most Overlooked Tax Deductions

Additional Child Tax Credit

Capital Loss Carryover

Child Tax Credit

Tax-Loss Harvesting

Tax Avoidance

Tax Shield

Form 4952 Overview

Foreign Tax Credit

Tax Deductible Interest

Property Tax Deduction

Form 4684: Casualties and Thefts Overview

Business Expenses

Deduction

I sold my house. Can I exclude the gain from my income?

IRS Publication 530: Tax Information for Homeowners

Annual Investment Allowance (AIA)

IRS Publication 529 (Miscellaneous Deductions)

Qualified Production Activities Income (QPAI)

Tax-Exempt Interest

Dividend Tax Credit

Unified Tax Credit

Ordinary And Necessary Expenses (O & NE)

Section 1031

Ordinary Loss

Qualifying Relative

Hope Credit

IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses

Deductible

Exemption

Non-Refundable Tax Credit

Deferred Gain On Sale Of Home

Recapture

Give Your Taxes Some Credit

American Opportunity Tax Credit

Home Office

Travel Expenses

IRS Publication 524 (Credit For The Elderly Or The Disabled)

Principal Residence

Fractional Gift

General Business Tax Credit