which you can calculate using the IRS’ sales tax worksheet or sales tax deduction calculator. State and local income taxes generally include: State and local income taxes withheld from your wages.

The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

The sales tax deduction can reduce your taxable income ... You can input them into a spreadsheet so that it’s easy to total them up. Alternatively, consider digitizing the receipts using a ...

Claiming a tax deduction for mileage can be a good way ... “It could be handwritten; it could be an Excel spreadsheet; it could be an app,” Brown says. MileIQ, TripLog and Everlance are ...