"Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

But for some taxpayers, it is still worth exploring the potential of itemized deductions, as overlooking it in favor of simplicity could "leave a significant amount of money on the table for Uncle ...

The 2017 Tax Cuts and Jobs Act (TCJA) is set to expire this year, yet only 45% of Americans are aware of it, according to the ...

TAIPEI (Taiwan News) — The Ministry of Finance on Wednesday rejected calls to classify mortgage interest payments as a special deduction under the individual income tax system, stating current ...

Understanding the Basics of Itemized vs. Standard Deductions The article explains how the IRS offers taxpayers the option of either a standard deduction or itemizing specific deductible expenses ...

If a doctor prescribes hydrotherapy for arthritis, the costs of installing a home swimming pool may be an allowable tax ...

In general, self-employed people can deduct 100% of their health insurance premiums as adjustments to their gross income, ...

The tax incentives for charitable giving haven’t gone away. Charitable donations to eligible 501(c)(3) non-profit organization, such as Save the Children continue to be itemized deductions which may ...