Certain homeownership, business and healthcare deductions could significantly lower your tax bill. Here's how.

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

Simple Form 1040 returns only (no schedules except for the earned income tax credit, child tax credit and student loan interest). Tax deductions for homeowners Mortgage interest Discount points ...

This is a flat amount that can be taken off your total taxable income and is available to everyone, without any eligibility requirements. For the 2024 tax year, the standard deduction is worth $ ...