The vast majority of taxpayers choose to take the standard deduction since it's much easier than itemization, and you don't ...

What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.

Should you itemize your taxes? Most taxpayers take the standard each year. The Tax Policy Center estimates that only about 10 ...

The type of deduction you take can reduce your tax bill, or even determine how much you get back in refunds this tax season. But what is the difference between standard and itemized deductions?

New analysis shows only 10% of Americans now benefit from itemizing, but knowing which deductions you can still claim regardless of your filing choice could make a significant difference.

Fortunately, some of these costs are tax deductible. You'll need to itemize your deductions to benefit from these tax breaks, so it's important to calculate whether you can write off enough to ...

The interest you pay on your mortgage could help you lower your taxes. With the mortgage ... You'll have to file an itemized return to claim the deduction and the loan must be a secured debt ...

Don’t leave money on the table when you prepare your 2024 income taxes. We’re here to help you claim all the expenses you can and minimize your tax obligation. I write about money. I’ve been ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business ...

However, exemptions and deductions can reduce or eliminate this tax even among these states. If you're considering relocating in retirement for tax reasons: Research State Tax Policies ...

“The lack of [business] tax deductions and incentives would be a race to the bottom for the cheapest workers worldwide. This would cause it to be tougher for people to get hired or get raises ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...