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

During your working years, you may have spent money on dining out, grabbing coffee or attending happy hours with co-workers.

more common option. It lets you subtract a fixed amount from your income based on your filing status. Here are the standard deduction amounts for tax years 2024 and 2025: Itemizing only makes ...

Taxpayers in several states, including Arkansas, Tennessee, and Kentucky, have received tax filing and payment extensions due to severe weather. Residents of Alabama, Georgia, North Carolina ...

Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to claim deductions for various contributions made as donations. The deduction under the Act is available for ...

The IRS deadline to file your taxes is April 15 and there's a good chance you can file for free. Danni Santana has spent seven years as an editor and business journalist covering industries like ...

Here are six common tax pitfalls to avoid amid changing policies. Also see how to prepare for tax season year-round. Ignoring New or Expiring Tax Credits and Deductions You could be leaving money ...

Tax season can be stressful. It’s so nerve-wracking for some taxpayers that it makes 30% of them want to cry, according to a recent report from Intuit Credit Karma. Not only does preparing for ...

Some common tax credits include those for child care, education, retirement savings contributions and home improvements. The vast majority of tax deductions require that you itemize your ...

TurboTax is especially well-suited for people filing simple tax returns — think W-2 income, student loan interest and a few common tax credits ... the standard deduction. TurboTax Deluxe ...