What Is A Tax Deduction? ShareA tax deduction is a reduction in taxable income that is allowed by the government for certain expenses, such as charitable donations, mortgage interest, or medical expenses. Frequently Asked Questions - Personal Taxes5 Steps To Take Before You Prepare Your TaxesAre Taxes Being Delayed in 2022?Can I Claim My Stimulus Check On My Tax Return?Can I Deduct Charitable Contributions On My Tax Return?Can I Deduct My Home Office On My Tax Return?Can I Still File My Taxes If I Missed The Deadline?Can You Prepare My Taxes?