Personal Tax Deductions and Tax Credits

Personal Deductions

• Personal and Dependency Exemptions
• Qualifying Child, Qualifying Relative, and Qualifying Non-Relative
• Standard Deduction
• Itemized Deductions
• Itemized Deductions For Interest Expenses on Home Mortgages and Home Equity Loans
• Deductibility Of Charitable Contributions
• Moving Expense Deductions
• Miscellaneous and Job-Related Deductions
• Deductions For Casualty And Theft Losses
• Medical and Dental Expense Deductions
• Standard Mileage Rate for Deducting Car and Truck Expenses
• Deductibility Of Taxes: State, Local, and Foreign Income Taxes, General Sales Taxes, and Real Estate Taxes

Tax Credits

• Tax Credits
• Earned Income Credit (EIC)
• Child Tax Credit
• Health Insurance Premium Tax Credit
• Credit for Child and Dependent Care Expenses
• Credit for The Elderly and Disabled
• Education Tax Credits: American Opportunity Credit, Hope Scholarship Credit, Lifetime Learning Credit
• Adoption Credit for Qualified Adoption Expenses
• Retirement Savings Contribution Credit (Saver's Credit)
• The Retirement Savings Contribution Credit—Not The Bonanza That It Seems
• Foreign Tax Credit (FTC)
• Residential Energy Credits