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7 Best Tips to Lower Your Tax Bill from TurboTax Tax Experts
While everyone’s tax situation is different, there are certain steps most taxpayers can take to lower their taxable income. Here are seven great tips from <a href="">TurboTax Live</a> tax experts to help you lower your tax bill. Read more…

What is the Recovery Rebate Credit and am I Eligible?
Many Americans may be eligible for the Recovery Rebate Credit commonly referred to as the COVID stimulus payment. The credit is for the 2020 tax year even though the last payments came in 2021 for many recipients. Read more…

Standard Deduction vs. Itemized Deductions: Which Is Better?
The pressure of a looming tax deadline may make it easier to take the standard deduction rather than itemize your deductions, but you should weigh this question carefully. Here are a few key areas to consider — including charitable donations, medical deductions, and how your mortgage figures into your taxes. Read more…

What Are Tax Deductions?
The federal tax law allows you to deduct several different personal expenses from your taxable income each year. This can really pay off during tax season because the reduction to taxable income reduces the amount of income that is subject to federal income tax. However, not all expenses you incur will provide tax savings; the Internal Revenue Code is very specific about the types of expenses you can deduct and the taxpayers who may claim them. Read more…

The Land of Unknown Tax Deductions
Some tax deductions and credits can get overlooked. Find out which tax deductions and credits you have coming to you so you'll keep more money in your pocket. Read more…

More Tax Deductions and Credits Articles

Earned Income Credit Child Tax Credit 2020 Child Tax Credit Calculator and Top 7 Requirements What Is the IRS Form 8812? 5 Facts About the Earned Income Tax Credit Do I Qualify for Earned Income Credit While on Unemployment? When to Use Schedule EIC: Earned Income Credit Video: Filing Schedule EIC Earned Income Credit What is the Additional Child Tax Credit? The Home Office Deduction What Are Itemized Tax Deductions? 9 Things You Didn't Know Were Tax Deductions Video: What Are Tax Credits? Stimulus 2020: Self-Employed Tax Credits and Social Security Tax Deferrals Available During COVID-19 Deductions Allowed for Contributions to a Traditional IRA What Are Tax Credits? Can You Claim a Boat or RV as a Primary Residence? Deductions for Sales Tax Video: Changes in the Standard Deduction for Certain Tax Filers How to Write Off Sales Taxes What Is the Difference Between a Refundable and a Nonrefundable Credit? Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance Video: Does the IRS Allow Deductions for Donated Work? What Extra Tax Deductions Should I Make Sure To Take? Home Ownership Tax Deductions What Are Standard Tax Deductions? How to Maximize Your Itemized Tax Deductions The 5 Biggest Tax Credits You Might Qualify For Filing Tax Form 2441: Child and Dependent Care Expenses Video: What Is the Standard Tax Deduction? 8 Common Life Events That Affect Your Taxes The Ins and Outs of the Child and Dependent Care Tax Credit 8 Things You Think Are Tax Deductible That Aren't 5 Things You Should Know about Refundable Tax Credits Is Your Car Registration Deductible? Top Tax Breaks for Disabled Veterans Can I Deduct Legal Fees on My Taxes? How to Minimize Taxable Events How Major Life Events Affect Your Taxes Video: What Are 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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