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Video: Common Income Tax Deductions
Some common income tax deductions that can lower your annual taxes include mortgage interest, state and local property taxes, charitable contributions, and non-reimbursed work expenses. Find deductions that you are eligible for with help from TurboTax in this video on annual tax filing. Read more…

Deductions Allowed for Contributions to a Traditional IRA
The contributions you make to a traditional IRA account may entitle you to a tax deduction each year. Read more…

Video: Filing Schedule EIC Earned Income Credit
Does some of the income you report on your tax return come from employment, or work you perform as a sole proprietor or independent contractor? If your answer is yes, you satisfy one of the requirements for taking the earned income credit. 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 a few life examples that can significantly adjust your tax outcome. Read more…

The Ins and Outs of the Child and Dependent Care Tax Credit
If you are paying someone to take care of your children or another person in your household while you work, you might be eligible for the child and dependent care credit. This credit "gives back" a portion of the money you spend on care, and can reduce your tax bill by hundreds or even thousands of dollars. Read more…

More Tax Deductions and Credits Articles

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