What is a Tax Deduction?

A tax deduction is a way the government incentivizes taxpayers to do certain things by allowing them to deduct a dollar amount from their gross income.

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Related Terms

What is an Educator Expense Deduction?

What is a Tax Credit?

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Tax positions for businesses and individuals

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R&D tax credits

Fuel your venture's growth and innovation with the R&D tax credits. Not just for tech firms or big corporations.

Augusta rule

Rent out your home tax-free for up to 14 days per year. Save even more if you rent to your business.

Depreciation

Put your fixed assets to work for you by utilizing depreciation to find and compare tax savings in minutes.

Home office

Turn your workspace into a tax-saving opportunity. Saving as much as you can? Probably not.

Instead is evolving.  New tax positions are in the kitchen. Stay tuned.

Tax positions for businesses and individuals

R&D tax credits

Augusta rule

Depreciation

Home office

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