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.

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

Aug 27, 2025 · 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.

Here are 15 big self-employment tax deductions and tax benefits that could slash tax bills for freelancers, contractors and other people who work for themselves.

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.

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.

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 you may be able to claim as a homeowner.

Estimate your federal refund or taxes due using our free income tax calculator. Enter your income, age and filing status to get started.

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