Federal Tax Deductions for Parents, Work, Home & School

Federal Tax Deductions for Parents, Work, Home & School

Important: Starting with Tax Year 2018 (Jan.-Dec. 2018), tax deductions are changing due to Tax Reform. We will update this page as the IRS finalizes and releases the latest tax deduction information. Tax Reform and you? Let efile.com help you and become eligible to Tax Win. Find out now.

Important: Starting with Tax Year 2018 (Jan.-Dec. 2018), tax deductions are changing due to Tax Reform. We will update this page as the IRS finalizes and releases the latest tax deduction information. Tax Reform and you? Let efile.com help you and become eligible to Tax Win. Find out now.

Time to save on your taxes

Time to save on your taxes

A tax deduction reduces your taxable income. Your total deductions are subtracted from your taxable income in order to determine your total tax bill for the year. Tax credits are similar to tax deductions, but they reduce your tax bill dollar for dollar. This page lists tax deductions you may qualify to claim on your tax return.

A tax deduction reduces your taxable income. Your total deductions are subtracted from your taxable income in order to determine your total tax bill for the year. Tax credits are similar to tax deductions, but they reduce your tax bill dollar for dollar. This page lists tax deductions you may qualify to claim on your tax return.

In order to claim most tax deductions for the current Tax Year, the payments have to occur during the Tax Year or no later than December 31. 

In order to claim most tax deductions for the current Tax Year, the payments have to occur during the Tax Year or no later than December 31. 

Review these tax deductions based on life-changing events and other life situations: 

Review these tax deductions based on life-changing events and other life situations: 

NOTE: There are specific nondeductible expenses that cannot be claimed on tax returns, such as home repairs and political contributions.

NOTE: There are specific nondeductible expenses that cannot be claimed on tax returns, such as home repairs and political contributions.

Tax deductions can be complicated, so let efile.com help you with your deductions if this information overwhelms you. We will determine which deductions are best for you based on your answers to a couple of easy tax questions. Then, we will calculate the deduction about for you. It’s that simple! 

Tax deductions can be complicated, so let efile.com help you with your deductions if this information overwhelms you. We will determine which deductions are best for you based on your answers to a couple of easy tax questions. Then, we will calculate the deduction about for you. It’s that simple! 

Start Your Tax Return Now

Start Your Tax Return Now

 

 

You can report the following deductions on your tax return if you are a parent or relative raising a child:

You can report the following deductions on your tax return if you are a parent or relative raising a child:

 

 

Homeowners can take advantage of these deductions:

Homeowners can take advantage of these deductions:

 

 

If you work, you may qualify to claim these deductions: 

If you work, you may qualify to claim these deductions: 

 

 

You can deduct medical expenses such as hospital fees and services, medications, dental treatment, and eye appointment fees from your taxes as long as the total amount of your expenses is more than 7.5% of your income. Here are other expenses you can claim as deductions: 

You can deduct medical expenses such as hospital fees and services, medications, dental treatment, and eye appointment fees from your taxes as long as the total amount of your expenses is more than 7.5% of your income. Here are other expenses you can claim as deductions: 

 

 

Here are the deductions you can claim as a student or teacher: 

Here are the deductions you can claim as a student or teacher: 

 

 

You can claim the following charitable expenses on your tax return: 

You can claim the following charitable expenses on your tax return: 

 

 

You can claim one of the following tax deductions:

You can claim one of the following tax deductions:

When you prepare your tax return on efile.com, we will determine which deduction is best for you based on your tax situation. 

When you prepare your tax return on efile.com, we will determine which deduction is best for you based on your tax situation. 

 

 

You may qualify to claim of of these tax deductions related to your vehicle and traveling: 

You may qualify to claim of of these tax deductions related to your vehicle and traveling: 

 

 

There are a number of other tax deductions that do not apply to any of the above categories:

There are a number of other tax deductions that do not apply to any of the above categories:

Research & References of Federal Tax Deductions for Parents, Work, Home & School|A&C Accounting And Tax Services
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