A comprehensive guide to below-the-line deductions, also known as itemized deductions, which can reduce your taxable income when filing taxes.
A detailed explanation of deductions allowed to taxpayers under the Internal Revenue Code as offsets against gross or adjusted gross income.
A detailed definition of the Medical Expense Deduction, which allows individuals to itemize unreimbursed payments for medical care, prescription drugs, and medical insurance premiums exceeding 7.5% of their Adjusted Gross Income (AGI).
A comprehensive guide on Qualified Residence, the primary and secondary residences for tax deduction purposes, including interest deduction and eligibility criteria.
