Tax Related Questions > Deductions > Other Deductions Related Questions

 
  • What Are Charitable Contributions?
    Charitable contributions, in cash or in property donated to qualified organizations, are tax deductible only if you itemize your deductions on Schedu...
  • Gambling Losses Deduction
    You can deduct gambling losses as a miscellaneous itemized deduction on your Schedule A, but only up to the amount you report in gambling winnings on ...
  • Miscellaneous Deductions
    Many itemized deductions are grouped under the umbrella term “miscellaneous deductions” and, like other itemized deductions, can be claimed on your Sc...
  • What Is a Deduction?
    A tax deduction is a special tax break that reduces the amount of income on which you are taxed, thus reducing your overall tax burden. Deductions ar...
  • Above-the-Line Deductions
    Above-the-line deductions are deductions that you subtract directly from your gross income and are separate from normal itemized deductions, which you...