Tax Deductions
A tax deduction is an item you can subtract from your taxable income to lower the amount of taxes you owe. Browse Investopedia's expert-written library to learn more.
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Form 8917: Tuition and Fees Deduction: What it is, How it Works
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Tax Deductions That Went Away After the Tax Cuts and Jobs Act
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Calculating the Home Mortgage Interest Deduction (HMID)
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Tax Breaks for Second-Home Owners
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Modified Accelerated Cost Recovery System (MACRS): Explanation and Types
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Section 1244 Stock Definition, Qualification Rules
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Is PMI or MIP Tax Deductible?
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Form 2106-EZ: Unreimbursed Employee Business Expenses: Overview
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Form 3903: Moving Expenses: What It is, How it Works
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16 Self-Employed Tax Deductions and Benefits
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Additional Personal Allowance: What It is, How It Works
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What Are Itemized Tax Deductions? Definition and Impact on Taxes
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7 Insurance-Based Tax Deductions You May Be Missing
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How to Deduct Stock Losses From Your Tax Bill
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Understanding Tax Deductions: Itemized vs. Standard Deduction
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Long-Term Capital Gains and Losses: Definition and Tax Treatment
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The Most Overlooked Tax Deductions
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Tax-Loss Harvesting: Definition and Example
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Capital Loss Carryover: Definition, Rules, and Example
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Tax Shield: Definition, Formula for Calculation, and Example
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Form 4952: Investment Interest Expense Deduction Overview
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Tax-Deductible Interest: Definition and Types That Qualify
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Property Tax Deduction: Definition, How It Works and How to Claim
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Understanding Business Expenses and Which Are Tax Deductible
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Deduction Definition and Standard Deductions for 2023 and 2024
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Annual Investment Allowance (AIA) Definition, Eligibility
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IRS Publication 529 (Miscellaneous Deductions): Overview
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Qualified Production Activities Income (QPAI): Overview
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Ordinary and Necessary Expense: What it is, How it Works
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Ordinary Loss Tax Deduction: Meaning and FAQs
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IRS Publication 463: Travel, Gift, and Car Expenses Overview
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What Does Tax Deductible Mean, and What Are Common Deductions?
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Recapture: What it is, How it Works, Uses
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5 Ways to Make Summer Camp Tax Deductible
Home Office: What it is, How it Works, FAQ
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Travel Expenses Definition and Tax Deductible Categories
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Fractional Gift
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Are IRS Penalties Tax Deductible?
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Charitable Donation: Definition, Examples, Tax Deduction Rules
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Percentage Depletion: Meaning, Overview, Benefits
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Foreign Tax Deduction: What it Means, How it Works, Example
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Itemized Deductions: What It Means and How to Claim
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Standard Mileage Rate Tax Deduction Overview
Mortgage Interest Deduction: Overview, Examples, FAQ
IRS Publication 536
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The Smith Maneuver: Definition, How It Works, and How to Use It
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Lodging Expenses: What They are, How They Work
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Transportation and Storage Costs
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Primary Business Purpose: What It is, How it Works
Casualty and Theft Losses: Overview and Examples
Away From Home
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Educator Expense Deduction: What It Means, How It Works, Limits
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Track Your Mileage for Taxes in 8 Easy Steps
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Assessable Profit: What It is, How It Works, Example
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Getting U.S. Tax Deductions on Foreign Real Estate
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Deducting Stock Losses: A Guide
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Cut Taxes by Reporting Property Damage
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Capital Losses and Tax
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How to Qualify for the Home Office Tax Deduction
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Rental Property Tax Deductions
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Reduce Your Taxable Income With Above-the-Line Deductions
