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

“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 ...

While Trump hasn’t clarified whether his proposal would involve itemized or standard tax deductions, it’s essential to note that almost 90% of taxpayers take the standard deduction since it ...

Rather, most pet-related deductions pertain to care for a licensed service animal, according to the IRS' Publication 502, which also "explains the itemized deduction for medical and dental ...

To help you decide, look at how much money you could claim with itemized deductions and then compare that to the standard deduction. Choosing the deduction with the higher number will save you more ...

The tax incentives for charitable giving haven’t gone away. Charitable donations to eligible 501(c)(3) non-profit organization, such as Save the Children continue to be itemized deductions which may ...