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.
Deciding Between Itemizing and Standard Deduction
When it comes to reducing your tax burden, itemizing deductions may be the way to go. The standard deduction is certainly easier, and might be a better option if ...
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.
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 ...
How Much Is Your 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 ...
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 ...