The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products ...

Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

If your total itemized deductions are less than the standard deduction, the calculator will use the standard deduction. Enter your total 401k retirement contributions for 2024. For 2024 ...

Itemizing allows you to pick and choose your tax deductions. Common deductions include those for medical expenses, mortgage interest and property tax. Many, or all, of the products featured on ...

However, that wasn’t the only change. “Under TCJA, they drastically changed the standard deduction,” says Shamisa Zvoma, CPA and tax principal with accounting firm Friedman LLP in New York City.

One of the first decisions you'll make when filing taxes is whether to take the standard deduction or itemize your deductions. But before you make that call, you need to know what the standard ...

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?

If your total itemized deductions are less than the standard deduction, the calculator will use the standard deduction. Enter your total 401k retirement contributions for 2024. For 2024 ...