Some deductions remain every year, but others change or disappear and new ones crop up. Learn about the best tax deductions ...

Standard deduction vs. itemized deductions Claiming the standard deduction is certainly easier. To itemize, you need to keep track of what you spent during the year on deductible expenses like ...

How much tax you owe depends on your income. However, the federal government, through the Internal Revenue Service, allows you to claim deductions that reduce your taxable income and the amount of tax ...

NEW YORK (AP) — When tackling your taxes, it can sometimes be hard to figure out whether to opt for a standard deduction or itemize. According to tax pros, itemizing generally only makes sense if your ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...