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10 Tax Deductions You Didn’t Know Existed GOBankingRates 2/15/2021 © Ridofranz / Getty Images/iStockphoto Smiling creative business man typing on desktop computer in office. There are a number of tax deductions that taxpayers forget about because they are so uncommon. This is especially true for those deductions that are hidden within the itemized section since many taxpayers opt for standard deductions on their returns. But knowing about these deductions and claiming them could significantly reduce your taxable income. So before you start preparing your 2020 tax return, see if you qualify for one of the following tax deductions. Tax Deduction for Charity Donations

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