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A portion of income not subject to tax that can be used to reduce your tax bill, the amount varies based on filing status, age, and blindness.

Deduction for out-of-pocket medical and dental expenses exceeding 7.5% of adjusted gross income (AGI).

A set amount that taxpayers could subtract from their income for themselves and their dependents. As of 2018, this exemption is no longer applicable.

Includes the American Opportunity Tax Credit and the Lifetime Learning Credit, which help reduce education costs for qualifying expenses.

Taxpayers can deduct interest on up to $750,000 of qualified residence loans.$

A refundable credit for low to moderate-income working individuals and families, particularly those with children.

Deductible contributions to qualifying charitable organizations, limited to a percentage of the taxpayer's AGI.

A credit worth up to $2,000 per qualifying child under the age of 17, and a portion of it is refundable.$

Exclusion of up to $250,000 ($500,000 for married couples filing jointly) of capital gains from the sale of a primary residence, if certain conditions are met.

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

Allows taxpayers living and working outside the U.S. to exclude a certain amount of foreign earned income from U.S. tax ($108,700 for 2021).$