Tax Deductions

Everyone loves tax deductions. There are the old standbys, Medical costs, Mortgages, Charity donations, as well as the Standard Deduction and all sorts of "ordinary and necessary" business deductions.

And by no means, no one should overlook the benefits of Tax Credits either. Nonrefundable tax credits include: Child and Dependent Care Credit, Foreign Tax Credit, Residential Energy Credits, Plug-In Electric Drive Vehicle Credit, Education Credits...

Refundable tax credits include: the EITC Earned Income Tax Credit, AOTC American Opportunity Tax Credit, Additional Child Tax Credit...