- File Married Filing Joint, or Married Filing Separate.
- Claim a personal exemption for a dependent student, or allow the student to claim an education tax credit on his or her own return.
- Claim an "above-the-line" adjustment to income for tuition and fees; an itemized deduction as an "employee business expense" if applicable; or an education tax credit.
- Depreciate a new business asset, or claim a Section 179 expensing deduction.
- Itemize your deductions, or claim the standard deduction.
- Deduct state and local income tax paid, or state and local sales tax paid.
- Deduct state and local sales tax paid from the Optional Sales Tax Tables, or claim the total actual sales tax paid.
Tax Basics: Consider All Your Options
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts