The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

Itemizing is a way to pick and choose your tax deductions. Here's how it works and how to tell if it's for you. Many, or all, of the products featured on this page are from our advertising partners ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...

You might be able to deduct mortgage interest on your taxes if you itemize and follow a few other guidelines. Many or all of the products featured here are from our partners who compensate us. This ...

Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for anyone trying to stretch retirement income. The federal tax code offers an ...

You may find that your most fruitful tax breaks aren’t hiding in itemized deductions — but they may be waiting for you after age 65. Data from the IRS shows that 90% of taxpayers choose the standard ...

New tax rules for seniors bring bigger deductions, potential refunds & planning opportunities, with impacts on retirement income & Social Security.

The 2017 Tax Cuts and Jobs Act has resulted in numerous changes to the tax laws— both on the individual and business levels. Some of the most impactful changes affecting 2018 and beyond are those ...