What tax deductions can I claim 2021?
With all that out of the way, let’s take a closer look at what you can deduct on your taxes in 2021.
- Home mortgage interest.
- Student loan interest.
- Standard deduction.
- American opportunity tax credit.
- Lifetime learning credit.
- Child and dependent care tax credit.
- Child tax credit.
Why is my IRS refund less than expected?
If your refund was less than you expected, it may have been reduced by the IRS or a Financial Management Service (FMS) to pay past-due child support, federal agency nontax debts, state income tax obligations, or unemployment compensation debts owed to a state.