Video: How TurboTax Helps You Find Tax Deductions and Credits

A tax deduction is an amount, such as a business expense or charitable contribution, that can be subtracted from your taxable income. The greater the deductions, the less you owe in taxes. Tax credits can save you even more, because instead of just reducing your taxable income, credits reduce the amount of taxes you owe, dollar- for-dollar.

Here’s how TurboTax Deluxe, Premier and Home & Business help you find deductions and credits:

First, we’ll ask you simple questions about your income, family, and changes in your tax situation. Then, based on your answers, TurboTax will search for more than 350 deductions and credits to save you time and money.

From common deductions like school and medical expenses… home mortgage interest… and family and dependents... to not-so-common deductions…

TurboTax will even remind you of those last minute extra tax deductions. Plus, with our exclusive "ItsDeductible" tool built right in, we'll tell you the IRS-approved value of your charitable donations like clothing or toys. You'd be surprised how they add up.

With TurboTax you choose how you want to find deductions. Our unique EasyGuide feature will walk you step-by-step through each deduction and credit you could qualify for.

With all the deductions you’ll find on TurboTax, you’ll get your maximum refund... guaranteed or your money back.