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.
:max_bytes(150000):strip_icc()/central-street-with-historical-buildings-in-virginia-city--nevada--usa-1089026970-0ef57d4256a941a7b4cbf00cdcda574f.jpg)
What Is the Rehabilitation Credit (Historic Preservation)?
:max_bytes(150000):strip_icc()/GettyImages-172262801-5c7d8b8846e0fb000140a4ba.jpg)
Form 8917: Tuition and Fees Deduction
:max_bytes(150000):strip_icc()/car-charging-at-electric-vehicle-station-1316428504-d9dfb89a0f8a4873b7dc0284646bea41.jpg)
Form 8936 Is How to Get a Tax Credit for a Plug-in Electric-Drive Car
:max_bytes(150000):strip_icc()/GettyImages-678819553-12567258b31e4749a77dd7e51ae645c5.jpg)
How to Get Your Child Tax Credit Payments and Register With the IRS
:max_bytes(150000):strip_icc()/money-pile-stuck-out-of-military-khaki-coat-pocket-531858358-5c911cc646e0fb000187a396.jpg)
Special Tax Breaks for Members of the Military
Explore Deductions & Credits
:max_bytes(150000):strip_icc()/portrait-of-pensive-business-woman-wearing-glasses-at-workplace-in-office--young-handsome-female-worker-using-modern-laptop-1188205076-9e7e31f3895347a180afefba64320aaa.jpg)
How to Use Form 8880 to Report Retirement Plan Contributions
:max_bytes(150000):strip_icc()/GettyImages-162233497-56cb365f3df78cfb379b575a.jpg)
Recovery Rebate Credit Definition
:max_bytes(150000):strip_icc()/disabled-business-woman-56aa15743df78cf772ac5566.jpeg)
Work Opportunity Tax Credit (WOTC)
:max_bytes(150000):strip_icc()/shutterstock_579740932.dollars-5c2e983146e0fb0001204bfc.jpg)
Here Are the Deductions That Disappeared Due to Tax Law Changes
:max_bytes(150000):strip_icc()/GettyImages-163842030-d2ded2b1f6ce4291b0e2b8f69f1afef8.jpg)
Calculating the Home Mortgage Interest Deduction (HMID)
:max_bytes(150000):strip_icc()/cabin-5bfc37f1c9e77c0051831f7e.jpg)
Tax Breaks for Second-Home Owners
:max_bytes(150000):strip_icc()/japanese-farmer-driving-red-tractor-through-a-field-of-soy-bean-plants--1073766802-ac4a5a9be5514f799ddb790b36f7378c.jpg)
Homestead Exemption
:max_bytes(150000):strip_icc()/StandardDeduction-SDIProductions-80f10a696eec485ba8cfe344ed2878c1.jpg)
What Is Standard Deduction in Taxes?
:max_bytes(150000):strip_icc()/TaxCredit-cd8d4101b88f4d94afcf390b63f1738b.jpg)
What's a Tax Credit?
:max_bytes(150000):strip_icc()/GettyImages-83590568-6dffb11263d74bf0998a79920ec1df3b.jpg)
Learn How Much a Dependent Can Reduce Your Taxes
:max_bytes(150000):strip_icc()/two-business-people-calculate-their-business-in-the-office--918789230-666e4913bd87455883cf703264d24085.jpg)
Modified Accelerated Cost Recovery System (MACRS) Definition
:max_bytes(150000):strip_icc()/stock-exchange-graph-and-numbers-926129268-c3014a39c2b74eadb53015d9f45d67f9.jpg)
What Is Section 1244 Stock?
:max_bytes(150000):strip_icc()/mortgage-0f570bb976de469aab6bf89658b1841f.jpg)
When Is Mortgage Insurance Tax Deductible?
:max_bytes(150000):strip_icc()/IRS_AP268395479134.cropped-5c4b7d7846e0fb0001f21e15.jpg)
Form 1045: Application for Tentative Refund
:max_bytes(150000):strip_icc()/78036503-5bfc2b8b4cedfd0026c118ed.jpg)
Form 2106-EZ: Unreimbursed Employee Business Expenses
:max_bytes(150000):strip_icc()/GettyImages-185121670-be12b2817ff9419497195a93e62632cc.jpg)
What Is Form 5405? First-Time Homebuyer Credit/Repayment of the Credit
:max_bytes(150000):strip_icc()/147323400-5bfc2b8c4cedfd0026c11901.jpg)
How to File Form 3903: Moving Expenses
:max_bytes(150000):strip_icc()/HeroImagesGettyImages-65a9475bbae746848eee99e8fff09f2d.jpg)
15 Tax Deductions and Benefits for the Self-Employed
:max_bytes(150000):strip_icc()/dv740090-5bfc2b8b46e0fb00265bea71.jpg)
Additional Personal Allowance Expired in April 2000
:max_bytes(150000):strip_icc()/ItemizedDeduction-8e6b2aadaf8a4679b8371b744e3dfb85.jpg)
What Is an Itemized Deduction?
:max_bytes(150000):strip_icc()/GettyImages-514211407-7890c9f9232844d1863ab073895a7c6f.jpg)
7 Insurance-Based Tax Deductions You May Be Missing
:max_bytes(150000):strip_icc()/taxescoins-5bfc325146e0fb00514616ad.jpg)
How to Deduct Stock Losses From Your Tax Bill
:max_bytes(150000):strip_icc()/taxesfeb15013-5bfc2ce046e0fb005119e979.jpg)
What Does Filing as Head of Household Mean for Your Taxes?
:max_bytes(150000):strip_icc()/GettyImages-923217650-7165641175044a9fa56f0af7e6c5282f.jpg)
Earned Income Tax Credit (EITC)
:max_bytes(150000):strip_icc()/156416606-5bfc2b8b46e0fb00517bdff7.jpg)
Tax Deduction Definition
:max_bytes(150000):strip_icc()/investing2-5bfc2b8fc9e77c005143f176.jpg)
Long-Term Capital Gain or Loss Definition
:max_bytes(150000):strip_icc()/MostOverlookedTaxDeductions-29f2eea9bc044c90b9f5593fb267005a.jpg)
The Most Overlooked Tax Deductions
:max_bytes(150000):strip_icc()/low.income.computer.cut.cropped-5bfc2e0946e0fb00517c5be4.png)
Additional Child Tax Credit
:max_bytes(150000):strip_icc()/101405194-5bfc2b8c46e0fb0051bddfc9.jpg)
Capital Loss Carryover Definition
:max_bytes(150000):strip_icc()/istock_46129570_medium.millennialparents.cropped2-5bfc32b946e0fb002602c425.jpg)
Child Tax Credit
:max_bytes(150000):strip_icc()/GettyImages-932632502-2bb6bbfd94554c38b040235a68c0ac2b.jpg)
What Is Tax-Loss Harvesting?
:max_bytes(150000):strip_icc()/GettyImages-951640954-f7615e55206549e5bd832a9a5a2f59b3.jpg)
What Is Tax Avoidance?
:max_bytes(150000):strip_icc()/high-school-students-5bfc2b8b46e0fb0083c07b7d.jpg)
What is a Tax Shield?
:max_bytes(150000):strip_icc()/GettyImages-1149285452-5c07270bb0e645d49b4b3d45b83744df.jpg)
Form 4952: Investment Interest Expense Deduction
:max_bytes(150000):strip_icc()/ForeignTaxCredit-09de1c6f41f14af19ef0117fc9739d61.jpg)
What Is the Foreign Tax Credit?
:max_bytes(150000):strip_icc()/curved-skyscraper-against-blue-sky-969510128-a2a10be3bbd04d91a6375ffa3cdea790.jpg)
Tax-Deductible Interest
:max_bytes(150000):strip_icc()/GettyImages-889031464-bb987b976f9e4c29adbbdfd212d8059d.jpg)
What Is the Property Tax Deduction?
Form 4684: Casualties and Thefts
:max_bytes(150000):strip_icc()/153221908-5bfc2b8c4cedfd0026c118f2.jpg)
Business Expenses
:max_bytes(150000):strip_icc()/stk128219rke-5bfc2b8a46e0fb005144db8f.jpg)
What Is a Tax Deduction?
:max_bytes(150000):strip_icc()/retirement-lrg-2-5bfc2b1e46e0fb00260b1123.jpg)
I Sold My House. Can I Exclude the Gain From My Income?
:max_bytes(150000):strip_icc()/GettyImages-153136893-e408684918c647e782b594dc8e5b6d0d.jpg)
IRS Publication 530 Definition: Tax Information for Homeowners
:max_bytes(150000):strip_icc()/a26-5bfc2b3346e0fb0051bdd03c.jpg)
Annual Investment Allowance (AIA)
:max_bytes(150000):strip_icc()/GettyImages-185121670-3e5dcbc98b0a4409914ea75fbe557091.jpg)
IRS Publication 529 (Miscellaneous Deductions) Definition
Qualified Production Activities Income (QPAI)
:max_bytes(150000):strip_icc()/business-woman-thinking-account-businesswoman-accounting-office-working-976512548-ce4fa8f50b3a4b61b0cd19ef61648925.jpg)
Tax-Exempt Interest
What is a Dividend Tax Credit?
:max_bytes(150000):strip_icc()/UnifiedTaxCredit-d90e228472aa44e88eebc9866e3045d9.jpg)
Unified Tax Credit Definition
:max_bytes(150000):strip_icc()/young-female-artist-in-studio-working-on-laptop-539434611-e4cca1d7bf284b0db7eeb87efc8a5618.jpg)
Ordinary and Necessary Expenses (O & NE) Definition
:max_bytes(150000):strip_icc()/close-up-of-female-accountant-or-banker-making-calculations--savings--finances-and-economy-concept-1006671124-6a117470967b4b49960be0fb69f474a4.jpg)
What Is Section 1031 of the Tax Code?
Learn about Ordinary Loss
:max_bytes(150000):strip_icc()/GettyImages-1169028968-baac4dbf833646b78baff0805771c6ba.jpg)
Qualifying Relative Definition
:max_bytes(150000):strip_icc()/148985994-5bfc2b8c46e0fb0083c07ba8.jpg)
Hope Credit Definition
:max_bytes(150000):strip_icc()/GettyImages-1150533165-7a2c60d2e0c94a1ead5c5853b709f56d.jpg)
IRS Publication 463: Travel, Entertainment, Gift, and Car Expenses
:max_bytes(150000):strip_icc()/GettyImages-1282134164-fb9a55e43bb54cdd8a81ad8dde9582b3.jpg)
What Is a Deductible?
Exemption
:max_bytes(150000):strip_icc()/business--investment--retirement--finance-and-money-saving-for-the-future-concepts-1050696356-78566353ff6f4700bac84b0807c45bf9.jpg)
What Is a Non-Refundable Tax Credit?
:max_bytes(150000):strip_icc()/GettyImages-1068572802-4aea256454014aeea453fa8297afe9b8.jpg)
What Is Deferred Gain on Sale of Home?
:max_bytes(150000):strip_icc()/aa014176-5bfc2b8bc9e77c002630643b.jpg)
What is recapture?
:max_bytes(150000):strip_icc()/personal-finance-lrg-5bfc2b1f4cedfd0026c1041a.jpg)
Give Your Taxes Some Credit