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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Rehabilitation Credit (Historic Preservation)
The rehabilitation credit for historic preservation is a federal tax credit designed to encourage the preservation of historical properties ...
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Special Tax Breaks for Members of the Military
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Form 8880: Credit for Qualified Retirement Savings Contributions
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Recovery Rebate Credit Definition
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Work Opportunity Tax Credit (WOTC) Definition
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Tax Deductions That Went Away After the Tax Cuts and Jobs Act
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Calculating the Home Mortgage Interest Deduction (HMID)
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Top Tax Deductions 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 Definition
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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: Unreimbursed Employee Business Expenses Definition
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First-Time Homebuyer Credit and Repayment of the Credit
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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 Tax Credit (EITC) 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: Investment Interest Expense Deduction Definition
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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 Definition
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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: Travel, Entertainment, Gift, and Car Expenses 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