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Taxes Tax Deductions / Credits

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
  • Federal Tax Forms
  • Tax-Efficient Investing: A Beginner's Guide
  • Federal Income Tax Guide
  • Income Tax
  • Charitable Donations
  • Tax Deductions / Credits
  • Tax Laws & Regulations
  • Property Tax
Person erasing the word "tax"
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...
  • Disabled Businesswoman at Work
    Work Opportunity Tax Credit (WOTC) Definition
  • Tax Deductions That Went Away After the Tax Cuts and Jobs Act
  • Calculating the Home Mortgage Interest Deduction (HMID)
  • Tax Breaks for Second-Home Owners
  • Farmer driving red tractor through a field of soy bean plants.
    Homestead Exemption Definition
  • A stack of IRS Form 1040s
    Standard Deduction Definition
  • Tax Credit Definition
  • Save to Board Mother going through bills with daughter
    How Much Does a Dependent Reduce Your Taxes?
  • Two business people calculate their business in the office.
    Modified Accelerated Cost Recovery System (MACRS) Definition
  • Stock exchange graph and numbers
    Section 1244 Stock
  • Mortgage
    When Is Mortgage Insurance Tax Deductible?
  • Form 1045: Application for Tentative Refund Definition
  • Form 2106-EZ Definition
  • Personal Income Taxes
    Form 5405: First-Time Homebuyer Credit and Repayment of the Credit Explanation
  • Form 3903: Moving Expenses Definition
  • Woman reading book in cafĂ© with chalkboard menu in background
    15 Tax Deductions and Benefits for the Self-Employed
  • Additional Personal Allowance Definition
  • Itemized Deduction Definition
  • Close-up of a United States tax return form with a pencil and calculator.
    7 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?
  • Woman with calculator
    Earned Income Credit (EIC) Definition
  • A young couple reviewing taxes together.
    Tax Deduction Definition
  • Long-Term Capital Gain or Loss
  • The Most Overlooked Tax Deductions
  • Additional Child Tax Credit Definition
  • Capital Loss Carryover Definition
  • Two parents with little girl
    Child Tax Credit Definition
  • Hand of a Stockbroker Buying and Selling Shares Online
    Tax-Loss Harvesting Definition
  • accountant at desk using calculator
    Tax Avoidance Definition
  • Tax Shield Definition
  • tax accountant meeting with client in office
    Form 4952 Overview
  • Savings, Finance, Economy and Earning Concept
    Foreign Tax Credit Definition
  • Curved skyscraper against blue sky
    Tax Deductible Interest Definition
  • Combing Through the Fine Print
    Property Tax Deduction Definition
  • Form 4684: Casualties and Thefts Definition
  • Business Expenses Definition
  • Deduction Definition
  • I sold my house... Can I exclude the gain from my income?
  • A financial consultant presents bank investments to a young couple.
    IRS Publication 530: Tax Information for Homeowners
  • Annual Investment Allowance (AIA)
  • Personal Income Taxes
    IRS Publication 529 (Miscellaneous Deductions)
  • Qualified Production Activities Income (QPAI)
  • Business woman thinking accountant
    Tax-Exempt Interest Definition
  • A colorful pie chart with a pen in the middle.
    Dividend Tax Credit Definition
  • Bank vault
    Unified Tax Credit
  • Young female artist in studio working on laptop.
    Ordinary and Necessary Expenses (O & NE) Definition
  • Close up of accountant or banker making calculations.
    Section 1031 Definition
  • Ordinary Loss Definition
  • Portrait of man with arm around mother
    Qualifying Relative
  • Hope Credit Definition
  • For a Secure Future You've Got to Plan for It
    IRS Publication 463 Definition
  • Deductible Definition
  • Exemption Definition
  • business, investment, retirement, finance and Money Saving for the future concepts
    Non-Refundable Tax Credit Definition
  • Midsection of Judge and Client Sitting at Table in Office
    What Is Deferred Gain on Sale of Home?
  • Recapture Definition
  • Give Your Taxes Some Credit
  • American Opportunity Tax Credit (AOTC) Definition
  • Prospect Heights, Brooklyn, New York, USA, August 2006
    Understanding Tax Credit Property
  • Home Office Definition
  • Travel Expenses Definition
  • IRS Publication 524 (Credit For The Elderly Or The Disabled)
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