Take charge of your income taxes

Be prepared for tax time with our guide to understanding tax forms, the lingo, tax credits and tips for finding deductions that can save you money.

Tax deductions: Above-the-line

Claim the following adjustments on your 1040 to reduce your taxable income. Think of them as free money.

New car

New car

Bought a vehicle between Feb. 17 and Dec. 31, 2009? Deduct the tax.

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