Charitable Donations: Donating cash or property to qualifying nonprofits reduces your taxable income.
Deductible Expenses for Charity Work: Mileage and materials may be deducted while volunteering for a nonprofit.
Mortgage Interest Deduction: Donating your home or other property to a charity may allow you to deduct mortgage interest.
Student Loan Interest Deduction: The interest paid on eligible student loans may be deducted, helping students pay for school.
Child and Dependent Care Credit: This credit helps pay for daycare while parents work or study.
Energy Efficiency Credits: Tax credits may be available for energy-efficient home renovations like solar panels or energy-efficient windows.
Moving Expenses Deduction: Move to a new job? You may be eligible to deduct your moving expenditures, lowering your tax liability.
Educator Expenses Deduction: K-12 instructors can deduct qualified out-of-pocket classroom expenses to reduce costs.