This defies the conventional wisdom, but some tax preparation is easy and actually makes sense — if anything can in the murky U.S. tax code. Some of my favorite write-offs are “above the line ...

You may be able to claim the following 15 common write-offs, which include both tax credits and deductions ... The maximum contribution for 2023 in a traditional or Roth IRA is $6,500, ...

While the term write-off often refers to a deduction, many taxpayers use it to describe a tax credit as well. ... -- Traditional IRA and HSA contributions. More in Business.

What made the original IRA a no-brainer investment was a simple, indisputable fact: Contributions were deductible. Put $4,000 into an IRA, write off $4,000 on your tax return. In the 25% bracket ...