Our opinions are our own. Here is a list of our partners and here's how we make money. Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to ...

If you qualify, claiming the deductions and credits on this list could lower your tax bill or — in some cases — result in a tax refund. In no particular order, here are 10 tax deductions and ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

Navigating the complexities of tax season can be daunting, especially when deciding between a tax deduction or a tax credit.

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

To find out what tax deductions you can claim, you should understand what’s available to you. Below are some of the most common deductible expenses, but you can find a full list on the IRS ...

Here’s a list of common tax deductions if you have rental income: While maintenance and repairs are considered deductible expenses, improvements are not. However, you may be able to claim back ...

The 50-page list of suggestions from House Budget Committee Republicans includes tax increases for single parents, students ...

Now, Republican lawmakers have developed a 50-page laundry list of ideas for ... some ideas for funding those tax breaks include eliminating the mortgage home deduction, a popular break for ...