Tax Deductions and Credits Tax Tips

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Is Your Car Registration Deductible?
Your car registration fees may be partially deductible on your federal income taxes, but only under certain circumstances. Read more…

Video: What Is the Standard Tax Deduction?
Note: The reference to the standard deduction amount in this video applies only to taxes prepared for 2010. It is included here for reference only. Standard tax deduction give taxpayers the option of claiming a predictable lump-sum deduction instead of adding up their personal and business deductions. Get the pros and cons of standard deductions in this video on tax basics. 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…

5 Things You Should Know about Refundable Tax Credits
There are two types of tax credits available for taxpayers: refundable and nonrefundable. Both types offer you the chance to lower the amount of taxes you owe, but refundable credits can also get you a tax refund when you don't owe any tax. Read more…

Earned Income Credit
While millions of households already claim this special break for workers with modest incomes, the IRS says many more are eligible for the credit but fail to take it. The rules were recently liberalized, so more households are eligible. Take a few minutes to make sure you don't miss out on a credit that could bring you a refund check. Read more…


More Tax Deductions and Credits Articles

Filing Tax Form 2441: Child and Dependent Care Expenses 7 Requirements for the Child Tax Credit Video: What Are Tax Credits? What Are Standard Tax Deductions? Home Ownership Tax Deductions What Extra Tax Deductions Should I Make Sure To Take? What Are Tax Deductions? 5 Facts About the Earned Income Tax Credit Child Tax Credit Tax Deduction Wisdom—Should You Itemize? Video: What Are Itemized Tax Deductions? Video: Does the IRS Allow Deductions for Donated Work? Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance Deductions Allowed for Contributions to a Traditional IRA 8 Things You Think Are Tax Deductible That Aren't What Is the Difference Between a Refundable and a Nonrefundable Credit? How to Write Off Sales Taxes Video: Changes in the Standard Deduction for Certain Tax Filers What is the Additional Child Tax Credit? When to Use Schedule EIC: Earned Income Credit Video: Filing Schedule EIC Earned Income Credit The 5 Biggest Tax Credits You Might Qualify For Deductions for Sales Tax 9 Things You Didn't Know Were Tax Deductions How Major Life Events Affect Your Taxes Can You Claim a Boat or RV as a Primary Residence? The Land of Unknown Tax Deductions The Ins and Outs of the Child and Dependent Care Tax Credit What Are Itemized Tax Deductions? Do I Qualify for Earned Income Credit While on Unemployment? What Is the IRS Form 8812? What Are Tax Credits? How to Maximize Your Itemized Tax Deductions What Is the IRS Form 5405? Video: Common Income Tax Deductions Video: What Are Tax Deductions? 10 Strange But Legitimate Federal Tax Deductions Video: The New 2009 Tax Deduction for Car Buyers Video: Who Qualifies for the 2015 Earned Income Tax Credit

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