A reliable website to refer to when researching tax deductions, including types and amounts to be deducted, is the IRS website at irs.gov. This website includes specific details pe...
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.
Many clients ask me what they can deduct, so I am providing the following lists of
... Prior year's state and local income tax you paid during the tax year (do not ...
Mar 5, 2015 ... Tax Topics - Itemized Deductions. Topic 500 - Itemized Deductions. The following
topics are found in the category of Itemized Deductions.
Before the end of every tax
year, you have the opportunity to save money on taxes
by timing, by taking deductions
, and by spending money (if you have it, that is) on certain items. When considering whether to take a deduction
for an expense this year or next year, her... More »
Jun 10, 2015 ... There are a variety of credits and deductions for individual and business ... The
Earned Income Tax Credit and the Child and Dependent Care ...
Here are some tax deductions that you shouldn't overlook. ... The federal Tax
Court has ruled that it's OK to list the cost of a babysitter as a charitable
Jan 7, 2015 ... So if your state doesn't have an income tax, the sales tax write-off is ... For a full
list of deductible expenses, check out IRS Publication 521.
Here are 24 IRS-approved tax deductions you can\'t afford to miss out on. ... Life
insurance should be number 1 on this list. Most people forget that life insurance ...
A tax deduction reduces your taxable income. Here is a Tax Deductions list for
Singles, Employees, Family and Home Owners.