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Deductions & Credits
  • Tax Deductions and Credits Guide
Taxes 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.

Deductions & Credits
  • Tax Deductions and Credits Guide
Central street with historical buildings in Virginia City, Nevada, USA
Rehabilitation Credit (Historic Preservation)
The rehabilitation credit for historic preservation is a federal tax credit designed to encourage the preservation of historical properties ...
  • Gold tassel on a check written for college tuition
    Form 8917: Tuition and Fees Deduction Definition
  • Car charging at electric vehicle station
    Form 8936: Plug-in Electric Drive Motor Vehicle Credit
  • Parent and child, both using tablets while sitting on a white couch.
    How to Get Your Child Tax Credit Payments
  • Money Pile Stuck Out Of Military Khaki Coat Pocket
    Special Tax Breaks for Members of the Military
  • Portrait of businesswoman working on an office computer.
    Form 8880: Credit for Qualified Retirement Savings Contributions
  • Person erasing the word "tax"
    Recovery Rebate Credit Definition
  • Disabled Businesswoman at Work
    Work Opportunity Tax Credit (WOTC) Definition
  • Tax Deductions That Went Away After the Tax Cuts and Jobs Act
  • Couple holding keys to their house in front of their house
    Calculating the Home Mortgage Interest Deduction (HMID)
  • Top Tax Deductions for Second-Home Owners
  • Farmer driving red tractor through a field of soy bean plants.
    Homestead Exemption Definition
  • Financial advisor reviewing client's finances
    Standard Deduction Definition
  • Happy couple meeting with financial advisor
    Tax Credit Definition
  • 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 Definition
  • Mortgage
    When Is Mortgage Insurance Tax Deductible?
  • Form 1045: Application for Tentative Refund Definition
  • Form 2106-EZ: Unreimbursed Employee Business Expenses Definition
  • Personal Income Taxes
    First-Time Homebuyer Credit and Repayment of the Credit
  • Form 3903: Moving Expenses Definition
  • Woman reading book in café with chalkboard menu in background
    15 Tax Deductions and Benefits for the Self-Employed
  • Additional Personal Allowance Definition
  • Adult couple working on finances
    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 Tax Credit (EITC) Definition
  • A young couple reviewing taxes together.
    Tax Deduction Definition
  • Long-Term Capital Gain or Loss
  • Pregnant woman working from home
    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: Investment Interest Expense Deduction Definition
  • Woman outdoors on her mobile phone by the Eiffel Tower
    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
  • Multi-generational family blowing bubbles outdoors
    Unified Tax Credit Definition
  • 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: Travel, Entertainment, Gift, and Car Expenses Definition
  • Elderly couple doing finances at home
    Deductible Definition
  • Seated couple calculate their taxes with multiple receipts
    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
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