Tax Credits & Deductions
The major federal tax credits and deductions, how they are calculated, and the 2026 income limits and phaseouts that decide what you can claim. Refundable and nonrefundable credits are covered, along with the standard-versus-itemized decision.
Tax Credits & Deductions: all guides
- Above-the-Line vs Below-the-Line Deductions
- Form 1116: The Foreign Tax Credit, Explained
- Form 2441: The Child and Dependent Care Credit
- Form 8283: Noncash Charitable Contributions
- Form 8829: The Home Office Deduction, Explained
- Form 8863: Education Credits (AOTC and Lifetime Learning)
- Form 8889: How to Report HSA Contributions and Distributions
- Form 8995: The Qualified Business Income (QBI) Deduction
- Refundable vs Nonrefundable Tax Credits
- Schedule 8812: The Child Tax Credit, Explained
- Schedule A Explained: How to Itemize Deductions
- Standard vs Itemized Deduction: How to Choose
- The Adoption Tax Credit: 2026 Amount and Rules
- The American Opportunity Tax Credit (AOTC), Explained
- The Child and Dependent Care Credit, Explained
- The Child Tax Credit: 2026 Rules, Amounts, and Phaseouts
- The Foreign Tax Credit: How to Avoid Double Taxation
- The Lifetime Learning Credit, Explained
- The Premium Tax Credit: How ACA Subsidies Work
- The Saver’s Credit: Retirement Savings Contributions Credit
- The Work Opportunity Tax Credit (WOTC), Explained