What is the difference between standard vs. itemized deductions? Both methods allow you to deduct expenses from your taxable ...

You can claim the standard deduction even if you have no expenses that qualify as itemized deductions. You don’t need to keep records of expenses. It’s simple, and you don’t need to educate ...

When it’s time to file your return, there’s typically two ways to take them – the standard deduction, a single, fixed amount the IRS lets you deduct, or itemized deductions, where you add up ...

Rather, most pet-related deductions pertain to care for a licensed service animal, according to the IRS' Publication 502, which also "explains the itemized deduction for medical and dental ...

TAIPEI (Taiwan News) — The Ministry of Finance on Wednesday rejected calls to classify mortgage interest payments as a ...

To help you decide, look at how much money you could claim with itemized deductions and then compare that to the standard deduction. Choosing the deduction with the higher number will save you more ...

Determining what work expenses count as tax deductions can help you get a refund ... since the Tax Cuts and Jobs Act of 2017 halted some itemized deductions-- including the deduction of business ...

While Trump hasn’t clarified whether his proposal would involve itemized or standard tax deductions, it’s essential to note that almost 90% of taxpayers take the standard deduction since it ...

The Tax Cuts and Jobs Act of 27. nearly doubled the standard deduction and eliminated or capped many itemized deductions. They were things like investment related expenses, tax preparation.