Web Results
Tax Deductions and Credits
Tax credits directly cut taxes while deductions and exemptions reduce taxable income. Income adjustments are additional deductions that do not require itemizing.

Standard deduction


Federal taxationshow]. Alternative ... Federal tax reformshow] ... The applicable basic standard deduction amounts for tax years 2006-2015 are as follows: ...

Tax Credits & Deductions


Oct 21, 2015 ... There are a variety of credits and deductions for individual and business ... The Earned Income Tax Credit and the Child and Dependent Care ...

10 Strange But Legitimate Federal Tax Deductions - TurboTax - Intuit


With tax season in full swing, and people trying to deduct all that they can, we thought it the perfect time to highlight some strange but legitimate tax deductions.

Keep all your receipts, and add up the total amount of sales tax you paid during the year. There's a worksheet in the Instructions for Schedule A to help you keep track of these figures. If you're itemizing, then both of you must take either the state income tax deduc... More »
By William Perez, About.com Guide

Tax Deductions - Tax Deductible Expenses for Families - Efile.com


Here is a Tax Deductions list for Singles, Employees, Family and Home Owners. ... Federal Tax Deductions for Parents, Work, Home, School, and Travel ...

IRS Announces 2015 Tax Brackets, Standard Deduction Amounts ...


Oct 30, 2014 ... For 2015, the threshold for the kiddie tax – meaning the amount of unearned net income that a child can take home without paying any federal ...

2015 Federal Tax Rates, Personal Exemptions, and Standard ...


Sep 30, 2015 ... IRS Tax Brackets and Deduction Amounts for Tax Year 2015 ... The Federal income tax has 7 tax brackets: 10%, 15%, 25%, 28%, 33%, 35%, ...

The Most-Overlooked Tax Deductions-Kiplinger


Jan 7, 2015 ... So if your state doesn't have an income tax, the sales tax write-off is .... so it will not affect you negatively in relation to your federal income tax.

Tax Deductions | List of Tax Deductions - Bankrate.com


Need to know what is tax deductible? Find the current list of tax deductions at Bankrate.com.

Popular Q&A
Q: How are federal taxes deducted?
A: Typical paycheck is shown at www.paycheckcity.com. The formula for federal income tax withheld is visible in pub 15 at irs.gov. The amount for fica is a fixed 6... Read More »
Source: answers.yahoo.com
Q: Federal Tax Deduction for Children.
A: Raising children is expensive, but at least the kids save you money on taxes. The Internal Revenue Service (IRS) provides numerous tax benefits for taxpayers wi... Read More »
Source: www.ehow.com
Q: Tips for Federal Tax Deductions.
A: A standard deduction is offered on federal taxes each year for qualified tax payers. It lowers the amount of taxable income on the form 1040. The standard deduc... Read More »
Source: www.ehow.com
Q: Federal tax deduction.
A: Aamir - I don't quite understand what you are asking. If you are asking whether it is worth it to keep paying on a small mortgage to get the tax deduction, I wo... Read More »
Source: en.allexperts.com
Q: How are federal tax deductions paid?
A: basically the money you make through out the year is taxed like sales tax, Its a bit dumb but that another discussion) Lets say you made 10,000 to be easy, the ... Read More »
Source: answers.yahoo.com