If you are supporting relatives, including adult children and elderly parents, you can deduct them as dependents. But make sure you follow all the rules.
State and local income taxes, property taxes and other levies can be deducted from your taxable income. But some of those tax breaks require you to itemize.
Normally, you can't deduct the cost of staying well from your taxes. But if a doctor prescribes exercise for a specific medical condition, your dues could net you a tax break.
A dependent doesn't have to be a relative or even live with you, but you do have to provide more than half of his or her support and meet other criteria.
One easy way to lower your taxes is to take all the tax breaks you're eligible for. Check out this list of commonly overlooked deductions.
No, you can't deduct credit card interest (usually), job-hunting clothes or commuting costs. But people keep thinking they can.
Many eligible taxpayers avoid this deduction because they've heard it's complicated and likely to trigger an audit. There are lots of rules, but here's the plain-English translation.
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