Tax Deductions
Comprehensive 2026 guide to tax deductions: standard vs. itemized, key thresholds, and reporting rules. IRS.com is not affiliated with IRS.gov.
Guides
All 36Latest guide
Form 4684: Reporting Casualty and Theft Losses in 2025
When disaster strikes (whether from a storm, fire, theft, or another unexpected event) the emotional and financial toll can be huge. If you've experienced a significant loss and you're trying to recov…
1099 Deductions: The Ultimate Guide for Independent Contractors and Freelancers
Are Political Donations Tax Deductible?
How Do I Prove Gambling Losses On My Taxes?
Car Donation Tax Deduction: A Comprehensive Guide for U.S. Taxpayers
IRS Publication 502: Yes, You Can Deduct Your Medical and Dental Expenses on Your Tax Return
The Basics of the Foreign Tax Credit: What It's For, How to Claim It, and What Else an Expat Needs to Know
Your Guide to the Foreign Earned Income Exclusion: How It Works and Which U.S. Expatriates It Applies To
Charitable Contributions: Is Money Raised Through GoFundMe Taxable?
Is Child Support Taxable Income or Tax Deductible? No
No, There Is No First-time Homebuyer Tax Credit With the IRS
What Every Parent Needs to Know About the Child Tax Credit (and the Update Portal)
Common questions
Short answers about tax deductions. For anything specific to your return, check IRS.gov or ask a tax professional.
For 2025, the standard deduction is $15,750 for Single or Married Filing Separately, $31,500 for Married Filing Jointly or Qualifying Surviving Spouse, and $23,625 for Head of Household, per IRS Publication 17. P.L. 119-21 permanently extended the increased standard deduction with inflation indexing, so 2026 amounts may be slightly higher. Check IRS.gov for the official 2026 figures when released.