Tax Deductions for Individuals: A Summary

Lowry, Sean

Library of Congress. Congressional Research Service.

关键词: Taxation;    Tax returns;    Tax cuts;   

RP-ID  :  R42872
RP-ID  :  R42872_2014Jan08

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report first describes what tax deductions are, how they vary in their effects on reducing taxable income, and how they differ from other provisions (e.g., exclusions or credits). Next, it discusses the rationale for deductions as part of the tax code. The final section of this report includes tables that summarize each individual tax deduction, under current law. Many of these deductions are part of the permanent income tax code.