Is rent a tax deduction? You generally cannot deduct rent from federal income taxes but some states offer a renter's credit.

There is an above-the-line deduction available for many individual taxpayers for qualified tuition and related expenses. The deductible expenses are defined in the same manner as they are for the ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?