Tax deductions are reductions in income that is subject to taxation, and are most often granted for the expenses incurred to produce income, but can also be granted in the following cases.
| List of TAX Deductions |
|---|
| Single or Married Filing Separately — $5,450 |
| Married Filing Jointly or Qualifying Widow(er) — $10,900 |
| Head of Household — $8,000 |
| Medical expenses |
| State and local income taxes |
| Charitable contributions |
| Casualty losses |
| Unreimbursed out-of-pocket job expenses |
| Miscellaneous expenses |
| Student Loan Interest Deduction — up to $2,500 |
| Tuition and Fees Deduction — up to $4,000 of qualified higher education expenses |
| Moving expenses — the cost of moving your family and belongings to a new job location |
| Alimony paid |
| Military reservists deduction — a tax deduction for unreimbursed travel expenses for reservists who travel more than 100 miles from home and stay overnight |
| Traditional IRA contributions — up to $5,000 ($6,000 if 50 or older) |
| Contributions to HSAs (health savings accounts) |
| Half of your self-employment (Social Security and Medicare) tax |
| Additional Standard Deduction Amount for Property Taxes |
| Adoption Tax Credit |
| Car and Truck Expenses |
| Casualty & Theft Losses |
| Classroom Expenses Deduction |
| Domestic Production Activities Deduction |
| Early Withdrawal Penalty Deduction |
| Earned Income Credit: Qualfying for the Earned Income Tax Credit |
| Education Credits – Hope and Lifetime Learning Tax Credits |
| Educator Expenses: Claiming a Tax Deduction for Educator Expenses |
| Energy Tax Credits |
| First-Time Homebuyer Tax Credit |
| Health Savings Account Deduction |
| Health Savings Account Deduction: Tax Deduction for Health Savings Accounts |
| Home Mortgage Interest Tax Deduction |
| Hybrid Car Tax Deduction – Clean Burning Fuel Deduction |
| IRA Deduction (Traditional Individual Retirement Account) |
| Making Work Pay Tax Credit |
| Mortgage Insurance Premium Tax Deduction |
| Moving Expenses Tax Deduction |
| Qualified Performing Artists (QPA) Deduction |
| Qualified Performing Artists Expenses: Claiming a Tax Deduction for Job Expenses |
| Retirement Savings Contribution Credit |
| Self Employment Tax Deduction |
| Self-Employment Health Insurance Deduction |
| Self-Employment Tax Deduction |
| SEP, SIMPLE, Retirement Plan Deduction |
| SEP-IRA Deduction |
| Standard Deduction |
| Student Loan Interest Deduction |
| Student Loan Interest Tax Deduction |
| Tax Deduction for Charity Donations |
| Traditional IRA Tax Deduction – Individual Retirement Account Deduction |
| Tuition and Fees Deduction for College Expenses |
| Tuition and Fees Tax Deduction |
| Vehicle Sales Tax Deduction |
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