Deductions & Allowances in United States
Standard deduction (estimated)
For 2026, an estimated standard deduction of $15,000 is used in this calculator's default estimate.
Key deductions and allowances in United States
- Standard deduction, or itemized deductions (mortgage interest, state/local taxes capped at $10,000, charitable donations)
- 401(k) and traditional IRA contributions
- Health Savings Account (HSA) contributions
- Qualified Business Income (QBI) deduction for pass-through business owners
Other categories worth checking
- Retirement / pension contributions
- Health insurance and medical expenses
- Dependent / family allowances
- Mortgage interest or housing-related relief
- Education expenses
- Charitable donations
- Business expenses (for self-employed filers)
Availability and limits for each category vary significantly by country and change from year to year. Confirm which deductions you're eligible for with Internal Revenue Service (IRS) or a local advisor.