Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

Oct 22, 2025 · Itemizing allows you to pick and choose your tax deductions. Common deductions include those for medical expenses, mortgage interest and property tax.

23 Small-Business Tax Deductions to Know in 2025 All the expenses your business deducts must be “ordinary and necessary,” according to the IRS.

Schedule A is an IRS form used to claim itemized deductions on a tax return (Form 1040). See how to fill it out, how to itemize tax deductions and helpful tips.

Oct 16, 2025 · The IRS offers two major options for lowering your taxable income: the standard deduction and itemized deductions.

If the sum of the deductions you qualify for is more than the standard deduction, then itemize to reduce your tax bill. Here are the tax deductions for homeowners to include in the calculation.

Aug 18, 2025 · Learn more about independent contractor tax forms, deadlines, estimated tax payments and available deductions.

4 days ago · Which medical expenses are tax-deductible? IRS Publication 502 has the full list, but in a nutshell, here's what may count as a medical expense.

Tax-Deductible Donations: 2025-2026 Rules for Giving to Charity Here's more on what kind of donations are tax-deductible, and how to claim a deduction for charitable contributions.

Using a tax prep checklist can help reduce your tax-time stress. Here's a roundup of the documents and information you'll need to file your tax return this year.