Claim credits and deductions when you file your tax return to lower your tax. Make sure you get all the credits and deductions you qualify for.

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.

Feb 3, 2025 · But there are 2 major categories of tax options that can change what you owe: tax credits and tax deductions. TOP TIP: Use a CPA or Enrolled Agent (EA) to file your taxes. A …

Jul 14, 2025 · Now that we’ve covered a vast array of federal tax deductions for 2025, let’s touch on how state taxes might differ and then address some common mistakes to avoid when …

Oct 8, 2025 · For example, a single filer earning $75,000 in 2024 (filing in 2025) can claim the standard deduction of $14,600. This reduces their taxable income to $60,400 ($75,000 – …

Nov 24, 2025 · Use this guide to learn what to write off on taxes to lower your tax bill and when to itemize vs. take the standard deduction.

Aug 21, 2025 · Find the current list of tax deductions for homeowners, deductions for business owners and more.

Tax deductions lower your taxable income (indirectly lowering the tax owed) and tax credits lower your actual tax owed dollar for dollar. Check out the difference between tax credits and tax …

Feb 5, 2025 · These tax deductions and credits may help you save. Tax deductions lower your taxable income while tax credits could increase your refund or reduce the amount of taxes you …

Jan 25, 2025 · Here are some common IRS tax deductions and credits. Whether you are a homeowner, parent, charitable giver, older adult, or self-employed person, there are various …