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Tax Deductions on a Personal Return

Several ways to reduce your tax liability, by reducing your taxable income through  these “deductions” (which is a catch-all term for Adjustments, Deductions, Exceptions, and Credits):

Adjustments to Gross Income:

Exemptions ($4,000 per dependent in the tax return, plus yourself and spouse):

Deductions (above Standard deduction) of $6,300* for Single or $12,600* Married:



Tax Credits:

Prepaid Taxes and Refundable Tax Credit:


This article is here to serve as reference to my clients when we discuss (“tax deductions”), on your personal return, please consult your tax preparer / CPA for your own particular situation.  For BUSINESS DEDUCTIONS, for a different article:

Hector Garcia

Hector Garcia

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