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Kiplinger

Business

Kelley R. Taylor

A Bunch of IRS Tax Deductions and Credits You Need to Know

IRS Tax Deduction Income Tax

Piggy bank with tax time post it on it.

Tax season can be stressful and complicated. Thankfully, tax credits and tax deductions can reduce your tax bill and ease the frustration of owing too much money to the IRS.

Here are some common IRS tax deductions and credits. Whether you are a homeowner, parent, charitable giver, older adult, or self-employed person, there are various ways to optimize your tax savings.

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