Common tax deductions to claim this year

Tax deductions help to reduce your overall taxable income and in turn lower how much you owe at tax time. So, what are some common tax deductions you can take this year? There are two types of deductions: above the line (deductions for AGI) and below the line (deductions from AGI). Learn more about the tax deductions you can claim, like Traditional IRA contributions, student loan interest, mortgage interest, and state and local taxes.

Learn more about common tax deductions.

Ready to file taxes? Get started with H&R Block.