The Short Answer

12 Tax Deductions and Credits You Shouldn't Overlook

Karen Wallace

The deadline for filing your taxes is fast approaching--this year it's Tuesday, April 17. If you're a younger worker or if your income falls below certain thresholds, you may be eligible for some of these tax deductions and credits. 

As my colleague Christine Benz explains, there is understandable confusion about whether itemized deductions are still beneficial given that the standard deduction will increase as a result of the Tax Cuts and Jobs Act. There are two things to keep in mind: