Monday, February 7, 2022

From Nerd Wallet: Tax Deductions Guide: 20 Popular Breaks in 2022

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20 popular tax deductions and tax credits for individuals

There are hundreds of deductions and credits out there. Here's a drop-down list of some common ones, as well as links to our other content that will help you learn more.

Child tax credit
Child and dependent care tax credit
American opportunity tax credit
Lifetime learning credit
Student loan interest deduction
Adoption credit
Earned income tax credit
Charitable donations deduction
Medical expenses deduction
Deduction for state and local taxes
Mortgage interest deduction
Gambling loss deduction
IRA contributions deduction
401(k) contributions deduction
Saver’s credit
Health savings account contributions deduction
Self-employment expenses deduction
Home office deduction
Educator expenses deduction
Residential energy credit
Bonus: Recovery rebate credit