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Which Charitable Contributions are Tax Deductible? [Infographic]
For giving money, goods, or property to certain types of organizations, the IRS allows you to take a tax deduction. Only donations to groups defined by section 501(c)(3) of the Internal Revenue Code are eligible. Read more…

8 Common Life Events That Affect Your Taxes
If one thing in life is certain, it's that your taxes will never stay static. Events in your own life as well as frequent adjustments by legislation can be cause for either increasing or decreasing your taxes. Here are 8 common life events you should know that may affect your taxes. Read more…

9 Things You Didn't Know Were Tax Deductions
Few realizations are more painful than realizing that you forgot to include a tax deduction that would have lowered your tax bill or increased your tax refund on your tax return. Here are some tax deductions that you shouldn't overlook. Read more…

Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance
The Earned Income Credit (EIC) is a valuable, refundable tax credit available to low and moderate income taxpayers and families. If your EIC was disallowed or reduced for reasons other than math or clerical errors after 1996, you may need to file Form 8862 before the Internal Revenue Service allows you to use the credit again. Read more…

What Is the Difference Between a Refundable and a Nonrefundable Credit?
A tax credit can substantially reduce the amount of tax you owe, or even make your tax refund bigger. However, not all tax credits are alike. Tax credits can be refundable or nonrefundable, and sometimes partly refundable. Read more…


More Tax Deductions and Credits Articles

What Are Tax Deductions? What Are Tax Credits? What Are Standard Tax Deductions? The Land of Unknown Tax Deductions The Home Office Deduction 2021 Child Tax Credit Top 7 Requirements & Tax Calculator When to Use Schedule EIC: Earned Income Credit How to Write Off Sales Taxes Deductions for Sales Tax What Is the IRS Form 5405? Can You Claim a Boat or RV as a Primary Residence? How to Minimize Taxable Events Deductions Allowed for Contributions to a Traditional IRA Home Ownership Tax Deductions What is Payroll Tax Relief and When Does It Apply? What You Need to Know About Truck Driver Tax Deductions Stimulus 2021: Self-Employed Tax Credits and Social Security Tax Deferrals Available During COVID-19 6 Tax-saving Strategies and Tips from TurboTax Experts Tax Deductions 2021: What Will Sunset or Change? Child Tax Credit What is the IRS Form 8812? 4 Tax Credits and Deductions for Retiring Baby Boomers What is Form 8995? What is Form 8995-A? What Extra Tax Deductions Should I Make Sure To Take? Video: Does the IRS Allow Deductions for Donated Work? Video: Changes in the Standard Deduction for Certain Tax Filers Video: Filing Schedule EIC Earned Income Credit Earned Income Credit 5 Facts About the Earned Income Tax Credit Do I Qualify for Earned Income Credit While on Unemployment? Can I Deduct Legal Fees on My Taxes? Top Tax Breaks for Disabled Veterans 7 Best Tips to Lower Your Tax Bill from TurboTax Tax Experts Video: The New 2009 Tax Deduction for Car Buyers What Is the Savers Credit? What Are Itemized Tax Deductions? Video: What Are Itemized Tax Deductions? Video: Common Income Tax Deductions Standard Deduction vs. Itemized Deductions: Which Is Better? Video: What Are Tax Credits? How to Maximize Your Itemized Tax Deductions Video: What Are Tax Deductions? 10 Strange But Legitimate Federal Tax Deductions 5 Things You Should Know about Refundable Tax Credits What is the Recovery Rebate Credit and am I Eligible? How Major Life Events Affect Your Taxes The 5 Biggest Tax Credits You Might Qualify For The Ins and Outs of the Child and Dependent Care Tax Credit Filing Tax Form 2441: Child and Dependent Care Expenses What is the Additional Child Tax Credit? Is Your Car Registration Deductible? 8 Things You Think Are Tax Deductible That Aren't Video: What Is the Standard Tax Deduction? Video: Who Qualifies for the 2015 Earned Income Tax Credit

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