With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

Fact checked by Giselle Cancio The standard tax deduction is a fixed amount that taxpayers can subtract from their income to lower their taxable income. The amount you save will depend on your income ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

There are some tax advantages that come with homeownership. Here's what to know and when you might want to consult a pro.

While the Internal Revenue Service is still processing returns — and many taxpayers have still yet to file — refunds for tax ...

The Tax Cuts and Jobs Act, or TCJA, Trump’s sweeping overhaul of the tax code, is expiring at the end of this year. Here’s ...

The alternative minimum tax (AMT) can reduce or eliminate the benefit of the standard deduction for certain taxpayers, particularly those with higher incomes or specific types of tax-preference items.

Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize ...