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.
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Recovery Rebate Credit Definition
You can claim a Recovery Rebate Credit when you file your 2020 taxes if you did not receive your full authorized $1,200 Economic Impact Paym...
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Tax Breaks for Second-Home Owners
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Homestead Exemption Definition
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Standard Deduction Definition
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Tax Credit Definition
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How Much Does a Dependent Reduce Your Taxes?
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Modified Accelerated Cost Recovery System (MACRS) Definition
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Section 1244 Stock
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When Is Mortgage Insurance Tax Deductible?
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Form 1045: Application for Tentative Refund Definition
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Form 2106-EZ Definition
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Form 5405: First-Time Homebuyer Credit and Repayment of the Credit Explanation
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Form 3903: Moving Expenses Definition
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15 Tax Deductions and Benefits for the Self-Employed
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Additional Personal Allowance Definition
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Itemized Deduction Definition
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7 Insurance-Based Tax Deductions You May Be Missing
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How to Deduct Stock Losses From Your Tax Bill
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What Does Filing as Head of Household Mean for Your Taxes?
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Earned Income Credit (EIC) Definition
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Tax Deduction Definition
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Long-Term Capital Gain or Loss
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The Most Overlooked Tax Deductions
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Additional Child Tax Credit Definition
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Capital Loss Carryover Definition
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Child Tax Credit Definition
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Tax-Loss Harvesting Definition
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Tax Avoidance Definition
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Tax Shield Definition
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Form 4952 Overview
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Foreign Tax Credit Definition
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Tax Deductible Interest Definition
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Property Tax Deduction Definition
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Form 4684: Casualties and Thefts Definition
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Business Expenses Definition
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Deduction Definition
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I sold my house... Can I exclude the gain from my income?
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IRS Publication 530: Tax Information for Homeowners
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Annual Investment Allowance (AIA)
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IRS Publication 529 (Miscellaneous Deductions)
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Qualified Production Activities Income (QPAI)
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Tax-Exempt Interest Definition
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Dividend Tax Credit Definition
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Unified Tax Credit
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Ordinary and Necessary Expenses (O & NE) Definition
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Section 1031 Definition
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Ordinary Loss Definition
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Qualifying Relative
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Hope Credit Definition
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IRS Publication 463 Definition
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Deductible Definition
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Exemption Definition
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Non-Refundable Tax Credit Definition
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What Is Deferred Gain on Sale of Home?
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Recapture Definition
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Give Your Taxes Some Credit
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American Opportunity Tax Credit (AOTC) Definition
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Understanding Tax Credit Property
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Home Office Definition
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Travel Expenses Definition
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IRS Publication 524 (Credit For The Elderly Or The Disabled)