Deductions

• Tuition and Fees Deduction
  

  Those facing skyrocketing college tuition bills will want to learn as much as possible about how the tuition and fee deduction can lower their tax bills.

• 5 Things You Didn’t Know Were Tax Deductions
  

  You might have tax deductions hiding in babysitter payments and those extra supplies you bought for the classroom last year.

• Tax Deductions vs. Tax Credits
  

  Both tax deductions and credits help reduce your income tax liability but in different ways and for different reasons.