Tax deductions are allowable expenses that lower taxable income. Every federal tax credit that can be claimed actually lowers federal income taxes due.

Feb 10, 2010 - Larry Darter

Many home-based and small business owners miss out on valuable tax deductions because of lack of knowledge and organization. Here are a few tips for claiming deductions.

Dec 10, 2007 - Felicia A. Williams

Claim company's car tax deductions using one of two IRS methods. Learn about the types of expenses allowed under each method and the IRS record keeping requirements.

Feb 28, 2010 - Sylvia Cruz

Get more tax rebates by keeping accurate records, claiming work-related expenses, offsetting capital gains with losses and using the Education Tax Refund.

Aug 23, 2009 - Wei Yin Wong

If you own a business and use your car in the course of conducting business, you can deduct your expenses when preparing your business taxes.

Jan 11, 2011 - Eileen Bailey

How do taxpayers decide if they should take the standard deduction or itemize on the Schedule A Form of their 1040 Income Tax Returns? Here is an overview of the process.

Dec 12, 2009 - Barbara Jezior

Fishermen catch fish but often don't know how to catch the related tax deductions for meals and incidental expenses (M&IE) when working away from home.

Jan 3, 2011 - Joanne Pafford

How are individual income taxes affected by IRS tax deductions? Should you take standard or itemized deductions? Do IRS rules govern state tax write-offs?

Sep 2, 2010 - Lena Gott

Dipping into retirement savings like a 401(k), IRA, or Roth IRA may be a big mistake. There are ways to keep more money for a richer retirement.

Mar 15, 2010 - Mark Oehlert

What are the requirements and benefits for claiming a tax deduction on a designated home office? Owners of small home-based businesses may be eligible for this tax break.

Dec 23, 2009 - Susan Brown

Arranging for a car donation tax deduction involves more than tracking essential paperwork after donating the auto. Make sure the charity and the donated vehicle qualify.

Dec 15, 2009 - Kerry Bakerson

As the tax laws and credits change annually, here are some tips and tricks to boost your refund or cut the payment you mail to Uncle Sam.

Feb 20, 2011 - Keith Farner

Money saved via the tax deduction for donating household items to charity is often greater than the profit from selling used items at a garage, yard or moving sale.

Mar 9, 2010 - Karen Pickell

A list and description of commonly overlooked tax deduction. Truck driving has a lot of expenses- from living on the road to purchasing commercial truck insurance.

Feb 22, 2010 - Jennifer Terry

Find out which health and dental insurance premiums can be deducted on IRS tax returns.

Mar 17, 2010 - Sylvia Cruz

Learn the rules to take advantage of tax allowances for the use of cars, trucks, vans and SUVs in a small business and for self employed individuals.

Mar 1, 2010 - Sylvia Cruz

According to tax experts, taxpayers who itemize on Schedule A of the Form 1040 often overlook a number of tax deductions on their tax return and miss out on tax savings.

Mar 8, 2010 - Barbara Jezior

States which have no state income tax give taxpayers a valuable option in deducting state sales tax amounts from the total amount of federal income taxes paid.

Mar 17, 2010 - Mark Oehlert

Unemployment compensation and separation pay are tax deductible. However, the IRS does provide some relief through the the 2009 American Recovery & Reinvestment Act.

Mar 15, 2010 - Mark Oehlert

Job search expenses are tax deductible. Folks that searched for a new job last year can deduct the expenses incurred while searching for that new job.

Mar 14, 2010 - Mark Oehlert