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Video: The New 2009 Tax Deduction for Car Buyers
If you bought a new car, motorcycle, RV or SUV this year, a new tax break could help you pay for your next tune-up. Read more…

The 5 Biggest Tax Credits You Might Qualify For
Federal tax credits can be a big help to low-to-moderate-income taxpayers looking to reduce their taxes or maximize their tax refund. Here are the 5 biggest tax credits you might qualify for. Read more…

2021 Child Tax Credit Top 7 Requirements & Tax Calculator
The Child Tax Credit can significantly reduce your tax bill if you meet all seven requirements: 1. age, 2. relationship, 3. support, 4. dependent status, 5. citizenship, 6. length of residency and 7. family income. You and/or your child must pass all seven to claim this tax credit. Use our child tax credit calculator to determine your eligibility for tax year 2020 or tax year 2021. Read more…

Video: What Are Tax Deductions?
Tax deductions reduce the amount of tax you owe by allowing you to subtract certain expenses from your income. Read more…

Video: What Are Itemized Tax Deductions?
Itemized tax deductions can help save you even more money during tax season if your deductions exceed the standard amount. Learn about itemizing your tax deductions with help from TurboTax in this video on annual tax filing. Read more…


More Tax Deductions and Credits Articles

10 Popular Tax Deductions 6 Tax-saving Strategies and Tips from TurboTax Experts Standard Deduction vs. Itemized Deductions: Which Is Better? What Are Tax Deductions? The Land of Unknown Tax Deductions What Extra Tax Deductions Should I Make Sure To Take? Video: Filing Schedule EIC Earned Income Credit Video: Does the IRS Allow Deductions for Donated Work? The Ins and Outs of the Child and Dependent Care Tax Credit Video: Changes in the Standard Deduction for Certain Tax Filers Can You Claim a Boat or RV as a Primary Residence? What is the Additional Child Tax Credit? Filing Tax Form 2441: Child and Dependent Care Expenses What is the IRS Form 8812? Is Your Car Registration Deductible? What is the 2020 Recovery Rebate Credit and am I Eligible? What Are Itemized Tax Deductions? What Is the Savers Credit? The Home Office Deduction 9 Things You Didn't Know Were Tax Deductions What is the Earned Income Tax Credit? Find Out If You Qualify Which Charitable Contributions are Tax Deductible? [Infographic] 8 Common Life Events That Affect Your Taxes Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance What Is the Difference Between a Refundable and a Nonrefundable Credit? What Are Tax Credits? What Are Standard Tax Deductions? When to Use Schedule EIC: Earned Income Credit How to Write Off Sales Taxes Deductions for Sales Tax What Is the IRS Form 5405? 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 Tax Deductions 2021: What Will Sunset or Change? Child Tax Credit 4 Tax Credits and Deductions for Retiring Baby Boomers What is Form 8995? What is Form 8995-A? 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: Common Income Tax Deductions Video: What Are Tax Credits? How to Maximize Your Itemized Tax Deductions 10 Strange But Legitimate Federal Tax Deductions 5 Things You Should Know about Refundable Tax Credits How Major Life Events Affect Your Taxes 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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