"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 ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

The Tax Cuts and Jobs Act of 2017 eliminated itemized deductions for unreimbursed mileage and also significantly narrowed the mileage tax deduction for moving expenses. The latter can now only be ...

“We focused on deductions that can help homeowners save money for their 2024 tax filings and explain key differences between standard and itemized deductions in a way that’s easy to understand ...