Claim credits and deductions when you file your tax return to lower your taxes.

Find out what you should deduct to reduce your taxable income.

Home and real estate

  • Home mortgage interest, points, and insurance (Form 1098)

  • Real estate taxes (Schedule A)

  • Mortgage Interest Credit (Form 8396)

  • Personal property taxes (Schedule A)

  • State and local taxes (Schedule A)

  • Sales tax (Schedule A)

  • Excess Social Security Credit

  • Prior Year Minimum Tax Credit (Form 8801)

Children and dependents

  • Earned Income Credit (Schedule EIC)

  • Child Tax Credit

  • Additional Child Tax Credit (Schedule 8812)

  • Credit for Other Dependents

  • Child and Dependent Care Credit (Form 2441)

  • Adoption Credit (Form 8839)

Education

  • American Opportunity and Lifetime Learning Credits (Form 8863)

  • Refundable American Opportunity Credit (Form 8863)

  • Education expenses (Form 1098-T)

  • Teacher (educator) expenses

  • Student loan interest (Form 1098-E)

Investment and retirement

  • IRA deduction

  • Investment expenses (Schedule A)

  • Margin loan interest (Form 4952)

  • Series EE or Series I U.S. savings bond interest exclusion (Form 8815)

  • Retirement Savings Contribution Credit (Form 8880)

  • Penalty paid on early withdrawal of savings

Health

  • Medical expenses (Schedule A)

  • Deduction for Health Savings Account (HSA) (Form 8889)

  • Deduction for Archer Medical Savings Account (MSA) (Form 8853)

  • Premium Tax Credit (Form 8962)

Business

  • Qualified business income (QBI) deduction (Form 8995 or 8995-A)

  • Self-employed retirement contributions

  • Depreciation expense (Form 4562)

  • Home office deduction (Form 8829)

  • General business credits (Form 3800)

Energy

  • Home energy credits (Form 5695)

  • Clean Vehicle Credit (Form 8936)

  • Clean Vehicle Credit Amount (Schedule A (Form 8936))

  • Credit for Federal Tax Paid on Fuels (Form 4136)

Other credits and deductions

  • Alimony paid

  • Donations to charities (Schedule A and Form 8283)

  • Qualified charitable distributions (Form 1099-R)

  • Employee business expenses (Form 2106)

  • Gambling losses (Schedule A)

  • Casualty losses (Form 4684)

  • Jury duty repayments

  • Military moving expenses (Form 3903)

  • Elderly or disabled credit (Schedule R)

  • Investment credit (Form 3468)

  • Foreign Tax Credit (Form 1116)*

  • Casualty losses (Form 4684)

  • Jury duty repayments

  • Military moving expenses (Form 3903)

  • Elderly or disabled credit (Schedule R)

  • Investment credit (Form 3468)

  • Foreign Tax Credit (Form 1116)*