What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.

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

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.

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 ...

The type of deduction you take can reduce your tax bill, or even determine how much you get back in refunds this tax season. But what is the difference between standard and itemized deductions?

These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.

1, The standard deduction for salaried individuals has been raised from ₹50,000 to ₹75,000 under the new tax regime, ...

Tax season is upon us again, and it's crucial you understand what you can deduct so you can reduce your bill — and maybe even get a refund. [ READ: The Fastest Way to Get Your Tax Refund] ...

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 ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?