Where is your refund? Standard vs. itemized deductions could impact your refund amount
What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.
Standard or itemized deductions: What's the difference?
Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...
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Standard Deductions For 2024-2025 Tax Returns And Extra Benefits For People 65+
A significant tax overhaul in 2017 bulked up standard deduction amounts, and in recent years, the IRS has made them even bigger as inflation soared. The standard deduction is a flat dollar amount ...
8 tax deductions you didn't know you qualified for
These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.
Average tax refund now 7.5% higher than last year; see how much Americans are getting back
Through Feb. 21, the latest date currently available on the IRS website, the agency has issued 29,615,000 refunds, roughly ...
If Trump Reinstates Tax Cuts, Here’s How Much You Could Save
During President Trump's first term, he overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those ...
Here are some of the most popular tax deductions and tax breaks
A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.
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Where is your refund? Standard vs. itemized deductions could impact your refund amount
There are no new itemized deductions for 2024. A standard deduction is a fixed amount that reduces the amount of taxable income. Most taxpayers qualify for the standard deduction, and the amount ...
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Where is your refund? Standard vs. itemized deductions could impact your refund amount
A standard deduction is a fixed amount that reduces the amount of taxable income. Most taxpayers qualify for the standard deduction, and the amount is adjusted each year for inflation. The ...