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

You will soon have to confront a higher tax bill if Congress doesn’t extend many credits, deductions, and lower tax rates ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is up to $7,830 for a family with three kids and the Retirement Savers Credit ...

If one spouse itemizes and the other does not, the non-itemizing spouse’s standard deduction amount will be zero, even if each spouse is age 65 or older or blind. Itemized deductions are claimed ...