5 Popular Tax Deductions and Tax Breaks for 2024–2025

Claim Up to $2,000 Per Child

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Save on Education Costs

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Medical Expense Deduction

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Big Savings for Homeowners

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Charitable Contributions

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Want to make the most of these deductions? Contact Jarrar & Associates CPA for expert tax help!

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5 Popular Tax Deductions and Tax Breaks for 2024–2025

5 Popular Tax Deductions and Tax Breaks for 2024–2025

Claim Up to $2,000 Per Child

Claim Up to $2,000 Per Child

If you have a qualifying child under 17, you may be eligible for up to $2,000—with $1,700 refundable depending on your income and filing status.

If you have a qualifying child under 17, you may be eligible for up to $2,000—with $1,700 refundable depending on your income and filing status.

Save on Education Costs

Save on Education Costs

You can deduct up to $2,500 in interest paid on qualified student loans—even if you don’t itemize your deductions.

You can deduct up to $2,500 in interest paid on qualified student loans—even if you don’t itemize your deductions.

Medical Expense Deduction

Medical Expense Deduction

If your medical expenses exceed 7.5% of your adjusted gross income, you may deduct the excess when itemizing your taxes.

If your medical expenses exceed 7.5% of your adjusted gross income, you may deduct the excess when itemizing your taxes.

Big Savings for Homeowners

Big Savings for Homeowners

Deduct interest paid on mortgage loans up to $750,000 if you itemize. Great for homeowners with large loans.

Deduct interest paid on mortgage loans up to $750,000 if you itemize. Great for homeowners with large loans.

Charitable Contributions

Charitable Contributions

Donations to qualified charities are tax-deductible—up to 60% of your AGI, depending on the type of gift and charity.

Donations to qualified charities are tax-deductible—up to 60% of your AGI, depending on the type of gift and charity.

Want to make the most of these deductions? Contact Jarrar & Associates CPA for expert tax help!

Want to make the most of these deductions? Contact Jarrar & Associates CPA for expert tax help!