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Everyone wants a tax break. Over the years, some Americans have tested limits for what they can take as a tax deduction. Here are some they've won.

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is up to $7,830 for a family with three kids and the Retirement Savers Credit ...

It was indeed possible to claim tax deductions in certain scenarios, such as medical costs for licensed service animals, performance animals, donations to qualifying nonprofits that support animal ...

Fact checked by Suzanne Kvilhaug Sometimes a tax deduction is just plain weird. Here is a roundup of weird and legal tax ...

There are about two weeks left in the 2025 tax season, so you might want to get a move on. Even if you've only dipped a toe into the filing process, you might already be considering which credits and ...

Journal Editorial Report: GOP lawmakers eye changes as part of their 'Big, Beautiful' bill. Photo: Roberto Schmidt/AFP/Getty Images Republicans in Congress are drafting a tax bill that raises the ...

President Trump has announced his administration’s efforts to create a new tax deduction for auto loan interest payments made on US-made vehicles to boost domestic manufacturing and counter ...

Tax deductions reduce your taxable income, while tax credits directly lower your tax bill dollar for dollar. Refundable credits can result in a refund if they exceed your tax bill, while ...

Also, consider prepaying your annual premium before the end of June, which brings forward the tax deduction to this financial year. Maintenance and repairs also are tax-deductible, so fixing stuff ...