Tax Deductions & Credits

Deductions and credits are two ways of saving money on your taxes. 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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Explore Deductions & Credits

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What Filing As Head of Household Means for Your Taxes?
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Tax Avoidance Is a Legal Way To Limit Taxes; Tax Evasion Is Not
Form 4684: Casualties and Thefts Definition
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What Costs Qualify as Moving Expenses?
Dental Benefits Claim Form
Is Dental Insurance Tax Deductible?
Stock Exchange
Amortizable Bond Premium
Can I Exclude the Gain From My Income When I Sell My House?
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Luxury Automobile Limitations
Commuting Expenses Definition
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IRS Publication 530: Tax Information for Homeowners
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Tax-Efficient Investing: A Beginner's Guide
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Tax-Exempt Interest
Deducting Disaster: Casualty And Theft Losses
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Section 1031 Definition and Rules for a 1031 Exchange
Provincial Parental Insurance Plan (PPIP)
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Qualifying Relative Definition, Tests, and IRS Guidelines
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Exemption
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Deferred Gain On Sale Of Home
Form 1098: Mortgage Interest Statement and How to File
Retirement Contribution
New Balance
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Principal Residence: What Qualifies for Tax Purposes
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Capital Loss Definition and Reporting Requirements
Retirement Taxes: 5 Ways to Save Money
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Tax Break Definition, Different Types, How to Get One
Tax-Exempt Security
Loan form
Are Personal Loans Tax Deductible?
Publication 972: Child Tax Credit
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Student Loan Interest Deduction Definition and How to Claim It
Saver’s Tax Credit: A Retirement Savings Incentive
Rental Real Estate Loss Allowance
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Tax Deductions and Credits Guide
IRS 1040
Member of Household
Property Inventory
Cash
Gross-Income Test
IRS Publication 929: Tax Rules for Children And Dependents Definition
Foreign Housing Exclusion And Deduction
Gulf Opportunity Zone
How Do Tax Exemptions Work in Your Favor?
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Private Foundations vs. Public Charities: What’s the Difference?
Write-Off and Deduction: What's the Difference?
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5 Expenses You Wish Could Be Deductible, but Aren't
IRS Publication 501
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Tax Credits for Homeowners: What You Need To Know
Two men installing solar panels on a residential roof
How to Save by Going Green
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Electric Vehicle Tax Credits: What You Need to Know
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Rehabilitation Credit (Historic Preservation)
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What Is Form 8936: Plug-in Electric Drive Motor Vehicle Credit?
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How to Get Your Child Tax Credit Payments
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IRS Form 8880: Who Qualifies for the Retirement Saver's Credit
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Recovery Rebate Credit
Disabled Businesswoman at Work
Work Opportunity Tax Credit (WOTC)
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Tax Credit: What It Is, How It Works, What Qualifies, 3 Types
Personal Income Taxes
Form 5405: First-Time Homebuyer Credit and Repayment of the Credit
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Earned Income Tax Credit (EITC): Definition and How to Qualify
Additional Child Tax Credit (ACTC): Definition and Who Qualifies
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Child Tax Credit Definition: How It Works and How to Claim It
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Foreign Tax Credit: Definition, How It Works, Who Can Claim It
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Dividend Tax Credit Definition
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Unified Tax Credit: Definition and Limits for 2022

Deductions & Credits