The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
Many taxpayers will itemize deductions again on their 2025 federal tax return due to changes affecting the SALT deduction (State and Local Tax deduction). In this clip, we explain why ...
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What are itemized deductions? Full guide to maximizing your tax break
The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...
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 ...
If you’re 65 or older and have been itemizing your tax deductions, you may wonder if the new “senior bonus deduction” in Trump’s tax bill — available starting in 2025 — could benefit you. After all, ...
It’s a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...
When tackling your taxes, it can sometimes be hard to figure out whether to opt for a standard deduction or to itemize. According to tax pros, itemizing generally makes sense only if your itemized ...
A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...
Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize all of ...
FILE - Money is donated for out of work musicians on March 18, 2021, in New York. At tax time, the three biggest potential deductions for most people are mortgage insurance, charitable donations in ...
NEW YORK — When tackling your taxes, it can sometimes be hard to figure out whether to itemize or opt for a standard deduction. According to tax pros, itemizing generally makes sense only if your ...
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