You can deduct up to $2,500 of student loan interest, even if you don't itemize your deductions.
Medical Expenses
Expenses exceeding 7.5% of your adjusted gross income (AGI), such as prescriptions, dental treatments, and even travel for medical care, may qualify for deductions.
State Sales Tax Deduction
If you live in a state without income tax, you can deduct state sales taxes instead, especially for big-ticket items like cars or appliances.
Work-Related Education Costs
If additional training or courses directly relate to your current job, these costs may be deductible as unreimbursed work expenses.
Home Office Deduction
Even small business owners and freelancers can claim a portion of their home expenses, like utilities and internet, if they use a dedicated space exclusively for work.
Energy-Efficient Home Improvements
Tax credits are available for energy-efficient upgrades like installing solar panels or energy-efficient windows.
Charitable Contributions
Beyond cash donations, you can deduct the fair market value of donated goods and mileage driven for charity work.
Child and Dependent Care Credit
Expenses for daycare, after-school programs, or elder care may qualify for credits up to 35% of eligible costs, depending on your income.