Summary
Tax deductions are expenses that you can subtract from your taxable income, reducing the amount of income subject to tax. By maximizing your tax deductions, you can lower your overall tax liability and keep more money in your pocket.
Keep detailed records of all expenses that may be tax-deductible. Take advantage of tax-advantaged accounts to reduce your tax bill.
Expenses related to searching for a new job are tax-deductible, as long as you are not switching industries. This can include costs for cleaning and repair of the uniform.
