Tax Guides > Tax Deductions and Credits

Recent Guides in Tax Deductions and Credits

• Filing Tax Form 2441: Child and Dependent Care Expenses

  There are a number of eligibility requirements you must satisfy before potentially receiving a child or dependent care credit, so it's a good idea to familiarize yourself with the rules before preparing Form 2441. Read more…

• New Addition: Adoption Tax Credits

  Would-be adoptive parents may spend up to $30,000 before all requirements are met and all fees are paid. However, an available tax credit offers some relief to many, if not most, adoptive parents. Read more…

• Top 10 Tax Deductions You're NOT Taking

  You could be leaving hundreds of dollars on the table when you file your tax return this year. From magazines to medical insurance premiums, little-known tax deductions could make tax day a happier one for your family this year. Read more…

• Video: How to Get All The Tax Deductions Possible When Filing

  Familiarizing yourself with IRS tax deductions will greatly help increase your tax return. The more deductions you can report, the lower your taxable income will be.  Read more…

• Video: Can an Unmarried Couple File Jointly?

  If you are recently divorced or plan to be married soon, you should watch this video to find out what filing status you are eligible for.  Read more…

More Guides in Tax Deductions and Credits

• Video: Tax Credits for Disabled Dependents

• Video: Changes in the Standard Deduction for Certain Tax Filers

• When to Use Schedule EIC, Earned Income Credit

• What Is "Cafe 125" on a W-2?

• Federal Tax Laws on Mileage Reimbursement

• Steps to Claiming an Elderly Parent as a Dependent

• Agent Troubleshooting Checklist One Stop Shop and Job Aid

• Guide to Schedule R: Tax Credit for Elderly or Disabled

• Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit

• Running for the (Tax) Shelter

• Capital Gains and Losses

• Deductions Allowed for Contributions to a Traditional IRA

• Alternative Minimum Tax: Common Questions

• Spread the Wealth, Carefully, with Tax-Free Gifts

• Sweet Child of Mine: Tax Credits for Parents

• Driving Down Taxes: Auto-Related Tax Deductions

• 7 Tax Advantages of Getting Married

• Top Tax Write-offs for the Self-Employed

• The 5 Biggest Tax Credits You Might Qualify For

• 5 Facts About the Earned Income Tax Credit

• Going Green? Top Tax Breaks

• Taking the First-Time Homebuyer Credit

• The Land of Unknown Tax Deductions

• Earned Income Credit

• Mobile Phones, Internet and Other Easy Tax Deductions

• The 10 Most Overlooked Tax Deductions

• Employees Can Deduct Workplace Expenses

• Video: What Are Itemized Tax Deductions?

• Video: Federal Tax Deductions for Home Renovation

• Are Contributions to Nonprofit Schools Tax Deductible?

• About Tax Deductions for a Mortgage

• Homebuyer Tax Credit: 7 Surprising Facts

• Taking Business Tax Deductions

• What Are Energy Tax Credits?

• Video: What is the Standard Tax Deduction?

• Are Energy Efficient Appliances Tax Deductible?

• 10 Tax Tips for the Suddenly Unemployed

• Video: What Are Tax Deductions?

• What Are Dependents?

• Unmarried First-Time Homebuyers: Who Gets the Credit for a 2010 Purchase?

• Video: 2011 Tax Tips for Students

• What is the IRS Form 5405?

• Deducting Medical Expenses for a Major Illness or Injury

• Video: Deducting Charitable Contributions

• New Making Work Pay Credit Increases Your Take-Home Pay

• What is a Schedule A IRS form?

• What Happens When Both Parents Claim a Child on a Tax Return?

• Deducting Contributions to Haitian Earthquake Relief on Your 2009 Return

• What Are Itemized Tax Deductions?

• Are GI Benefits Considered Income on Your Tax Return?

• What is the Lifetime Learning Tax Credit?

• Uncle Sam to the Rescue

• Tax Deductions for Diabetes

• Video: How to Track Tax Deductions

• About Casualty Deduction for Federal Income Tax

• Video: TurboTax Searches Over 350 Tax Deductions

• Video: How to Get IRS Tax Relief for the Disabled

• Cash for Clunkers: Don't Overlook Sales Tax Break

• Are College Entrance Exams Tax Deductible?

• What Are Disability Tax Credits?

• Video: What Are Tax Breaks?

• Buying a Second Home - Tax Tips for Homeowners

• Video: The New 2009 Tax Deduction for Car Buyers

• Video: What Are Tax Credits?

• How to Use Work Clothes As a Tax Deduction

• Video: Federal Tax Incentives: The Wind Power Tax Credit

• Deduct the Sales Tax Paid on a New Car

• Video: Expenses That are Tax Deductible When Working From Home

• Video: How to Estimate the Value of Clothing for IRS Deductions

• What Are Home Renovation Tax Credits?

• Video: Save Taxes by Saving Energy

• Video: What Are Tax Benefits?

• 7 Requirements for the Child Tax Credit

• What are Tax Benefits?

• Can I Claim Medical Expenses on My Taxes?

• Federal Tax Credit for Solar Energy

• Video: Making Work Pay Tax Credit 2009

• Can I Write Off Credit Card Interest on My Taxes?

• IRS Moving Expense Deductions

• What Percent of Church Giving Can Be Taken Off Federal Taxes?

• Tax Deductible Pregnancy Medical Expenses

• What is the IRS Form 8863?

• Video: Common Income Tax Deductions

• 2009 Stimulus Package: What's Still In It For You in 2010

• Video: The 2010 Energy Tax Credit

• Charitable Contributions

• How Do I Estimate the Value of My Donated Car for My Tax Deduction?

• Video: Does the IRS Allow Deductions for Donated Work?

• Top 10 Oddball Tax Deductions

• 10 Strange But Legitimate Federal Tax Deductions

• Is Interest on Credit Cards Tax Deductible?

• Birth of a Child

• How Does Your Charitable Giving Measure Up?

• Child Tax Credit

• What Are Tax Deductions?

• How Do I Claim Someone As a Dependent on Taxes?

• Tax Deduction Wisdom - Should You Itemize?

• About Student Loan Tax Credits

• Video: What Are Energy Tax Credits

• What Are Standard Tax Deductions?

• Can I Deduct My Computer for School on Taxes?

• What is the IRS Form 8812?

• How Do Tax Deductions Work When Donating a Car?

• What is IRS Publication 502?

• Video: Federal Tax Credit for Solar Energy

• Energy Tax Credit: Which Home Improvements Qualify?

• Home Ownership Tax Deductions

• What Is My Income Tax Deduction Based On?

• Video: IRS Rules for Charitable Giving 2009

• Video: What Is the Lifetime Learning Tax Credit

• A Stimulus Boost for Some Earned Income Tax Filers

• How to Write Off Sales Taxes

• Deducting Mortgage Interest FAQs

• What Filing Status Deducts the Most Taxes?

• What are Education Tax Credits?

• Serving Uncle Sam: Tax Breaks for the Military

• The Lowdown on Education Tax Breaks

• What is the American Opportunity Tax Credit?

• Tax Law Changes That Can Fatten Your Refund

• Video: Can I Deduct the Cost of a New Computer on My Taxes?

• What Is The Savers Credit?

• Video: About The Earned Income Credit (EIC) for 2009 Taxes