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Deduct the interest paid on mortgage for a primary or secondary residence, potentially saving hundreds to thousands of dollars depending on the mortgage size and interest rate.

Deduct up to $2,500 of the interest paid on qualifying student loans, reducing taxable income.$

Deduct unreimbursed medical and dental expenses that exceed 7.5% of your adjusted gross income (AGI).

Deduct state and local property, income, and sales taxes up to a combined limit of $10,000 ($5,000 if married filing separately).

Deduct charitable contributions to qualified organizations, potentially reducing taxable income significantly.

Deduct expenses for business use of your home, based on the percentage of your home used for business.

Eligible educators can deduct up to $250 of out-of-pocket classroom expenses, including books, supplies, and professional development courses.$

Receive a credit for contributions to a retirement account, which could reduce the tax owed or increase the refund. Credit rate depends on AGI and filing status.

Claim a tax credit for certain energy-efficient home improvements, which can result in direct tax savings.

Deduct contributions to a qualified HSA, which can lower your taxable income and provide savings for healthcare costs.

Claim a credit for qualified adoption expenses, potentially reducing the amount of tax owed rather than reducing taxable income.

Contribute to a dependent care FSA to pay for eligible child care expenses, reducing taxable income by the amount contributed.

Deduct half of the self-employment tax when calculating adjusted gross income, helping to reduce the overall tax burden.

Deduct contributions to a Traditional IRA, which lowers your taxable income and provides savings for retirement.

Deduct alimony payments made under divorce or separation agreements that were executed before 2019.

Deduct gambling losses to the extent of gambling winnings, which helps in offsetting taxable gambling income.

Deduct losses from federally declared disasters not covered by insurance, potentially reducing taxable income significantly.

Deduct up to $4,000 of qualified higher education tuition and fees, reducing taxable income.$

Claim a credit for taxes paid to foreign governments, reducing your U.S. tax liability on a dollar-for-dollar basis.