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.

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.

Small-business tax deductions, or write-offs, decrease your taxable income. This can lower your business’s tax bill.

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.

There are many ways of setting up a business, all of which can affect taxes, but in general, the following types of purchases could be eligible for a Section 179 deduction.

Tax-Deductible Donations: 2025-2026 Rules for Giving to Charity Here's more on what kind of donations are tax-deductible, and how to claim a deduction for charitable contributions.

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.

Dec 8, 2025 · The CRA has a list of all deductions, credits and expenses you can claim on your tax return — or you can consult with a tax prep professional.

When you itemize on your tax return, you opt to pick and choose from the multitude of individual tax deductions out there instead of taking the flat-dollar standard deduction.

You can deduct mortgage interest, taxes, maintenance and repairs, insurance, utilities and other expenses. You can use Form 8829 to figure out the expenses you can deduct.