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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How a Swimming Pool Can Save You Money Ifﷺ You Have Arthritis
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Love Pets? Here's the Tax Deductions You Missed Out on
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The Weirdest (and Legal) Tax Deductions
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How Much Will the 2025 Sta🎃ndard Tax Deduction Actually Save You?
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Calculatin💖g the Home Mortgage Interest Deduction (HMI♔D)
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How to Minimize Taxes on Your Second Home
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Modified A🅘cceಌlerated Cost Recovery System (MACRS): Explanation and Types
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Section 1244 ꦆStock: Definition and Qualification R🍷ules
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Is PMI or MIP Tax Deductible?
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Form 2106-EZ: Unreimbursed Employee Busi🐻ness Expenses—Overview
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Form 390💎3: Moving Expe💎nses: What It is, How it Works
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16 Tax Deducꦛtio🎃ns and Benefits for the Self-Employed
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Additional Personal Allowance: What It 👍is, How It Works
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What Ar🐈e Itemized Tax 🅰Deductions? Definition and Impact on Taxes
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7 Insurance-Ba♌sed Tax Deౠductions You May Be Missing
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How to Deduct Stock Losses From Your Tax Bill
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Unders❀tanding Tax Deductions: Itemized vs. Standard Deduction
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Lo🌠ng-Term Capital Gains and Losses: Definition and Tax Treatment
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5 Most Overlooked Tax Deductions
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Tax-Loss Harvesting: Definition and Example
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Capitﷺal Loss Carryover: Definition, Rulꦯes, and Example
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Tax Shield: Definition, Formul༺a for Calculation,𓆉 and Example
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🧔Form 4952: Investment Interest Expense Deduction Overview
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Tax-Deductible Interest: Deওfinition and Types That Qualify
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Property Tax Deduction: Definition,💞 ꧒How It Works and How to Claim
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Unders🌳tanding Business Expenses and Which Are Tax Deductible
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Annual Investment Al▨lowance (AꦆIA) Definition, Eligibility
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IRS Publication 529 (Miscella♏neous Deductions): Overview
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Qualified Production Activities Income (QPAI)ꦰ: ♚Overview
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Ordinary and Nꦑecessary Expense: What it is, H🐎ow it Works
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Ordinary Loss Tax Deduction: What It ♍Is and How It Works
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IRS Publication 463: Travel, Gift, and C🌜ar Expenses Overview
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What Do🔥es Tax Deductible Mean, and What Are Common Deductions?
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Recapture: What it is, How it Works, Uses
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Home Office: What it is, How it Works, FAQ
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Fractional Gift: What It Is, How It Works, an☂d Example
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Are IRS Penalti𒁃es Tax Deductible? The Answer May Surprise You
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Charitable D✅onation: Definition, Examples, Tax Deduction Rules
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Percentage Depletion: Meaning, Overview, Benefits
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Foreign Ta✨x Deduction: What it Mꦛeans, How it Works, Example
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Itemized Deductions: ꦓWhat It Means and How to Claim
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Standard Mileage Rate Tax Deduction: An Overview
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M💮ortgage Interest Deduction: Overview and Examples
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IRS Publication 536
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The Smith Maneuver: Definit𒐪ion, 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 Tax Deduction: Whඣat It Is and How It Works
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Primary Business Purpose: What It is, Howꦏ it Works
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Casualty and Theft Losses: Overview and Examples
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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 Pr🦹ofit: What It is, How It Works, Example
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How to Deduct Your Stock Losses and Increase You💝r Tax Savings
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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