Articles related to deductions
Personal Tax Deductions - Tax Planning: U.S. - About.com
Deductions reduce a person's taxable income. There are a variety of personal expenses for which a tax deduction could be taken. Topics include the standard ...
Itemized Deductions for Form 1040 Schedule A - Tax Planning: U.S.
Itemized deductions refers to a group of tax deductions found on Form 1040 Schedule A. People can claim either the standard deduction or choose to itemize ...
Federal Income Tax Deductions - Learn more about how Deductions ...
Deductions reduce your taxable income, and can be useful for reducing US federal income tax. Some deductions are related to business income, while other ...
Property Tax Deduction - Tax Planning: U.S. - About.com
Jul 30, 2013 ... Individuals can deduct the cost of property tax as an itemized deduction on their federal tax return.
Community Property Deductions for Spouses Filing Separately
Married couples who file separate federal tax returns need to identify community income and community deductions so they will know how much each spouse ...
Tax Deductions for Personal Property - Tax Planning: U.S. - About.com
Jul 31, 2013 ... Individuals can deduct personal property taxes as an itemized deduction on their federal tax return.
State and Local Income Tax Deduction
Individuals who take the itemized deduction can deduct the cost of state and local income taxes on their federal tax return. There are obvious advantages that ...
Claiming Home Mortgage Interest as a Tax Deduction
Home Mortgage Interest is a tax-deductible expense. Mortgage interest is reported on Form 1040, Schedule A along with other itemized deductions such as real ...
Itemized Deductions - Preparing Your 1040 - Tax Planning: U.S.
Maximize your itemized deductions with a handy list of tax deductions, along with information and advice on handling limitations to deductions.
Reducing Taxable Income With Standard Deduction
Everyone is entitled to reduce their taxable income by utilizing either the standard deduction or by itemizing their deductions. You always want to choose the ...