Relatively few Americans itemize deductions on their tax return. You can either claim the standard deduction or itemized deductions on your return — but not both. And, of course, you always want to ...

The Tax Cuts and Jobs Act (TCJA) limited itemized deductions and doubled the standard deduction to entice more taxpayers to skip itemizing – but money-saving deductions still remain for eligible ...

Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...

GREENSBORO, N.C. — Yes, the clock is ticking down to the new year and time is running out for you to get a tax deduction too. Tax deductions help lower your taxable income, which lowers the amount of ...

You have an important decision to make each time you fill out your federal income tax return: Take the standard deduction or claim itemized deductions. And, of course, you'll always want to pick ...

As you begin to prepare your 2021 taxes, make sure you carefully review your return and consider all deductions and credits that apply to you. After all, taking extra care when doing your taxes can ...

Here's a tax tip for those who don't itemize. Typically, you can't deduct your charitable contributions if you take the standard deduction—something most taxpayers do. But because of a special ...

The 2017 tax reform law ended the ability for most taxpayers to deduct expenses for working from home just in time for millions more people to begin working from in response to the Covid pandemic.

Millions of Americans began working remotely or from home during the coronavirus pandemic. Others decided to take the leap amid the "Great Resignation," start their own business and become their own ...

Many words could be used to describe the outlook for the 2022 tax season ranging from milquetoast terms, like challenging or problematic, all the way to more honest forecasts, such as one horrific tax ...